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Citi Fined For Alleged Excessive Markups and Markdowns

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The Financial Industry Regulatory Authority (FINRA) has announced that it has fined Citi International Financial Services LLC, a subsidiary of Citigroup, Inc., $600,000 and ordered more than $648,000 in restitution and interest to more than 3,600 customers for charging excessive markups and markdowns on corporate and agency bond transactions, and for related supervisory violations.

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