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Broker admits involvement with post-it notes insider ring

Fin Ring

A former mortgage broker from Brooklyn admitted on Friday to being the glue that held together an insider trading ring that involved the passing of stock tips on Post-it notes and napkins in meetings at restaurants in Midtown Manhattan and at Grand Central Terminal.



Citi Building Sign

People News: Citigroup, Sberbank

Citigroup lost two traders in its North America interest-rates trading group, including its head of automated market making, Mike Sung, according to people with knowledge of the matter.