The Financial Industry Regulatory Authority

LATEST

FINRA fines Citi for inaccurate research ratings

Citi Building Sign

The Financial Industry Regulatory Authority (FINRA) announced that it has fined Citigroup Global Markets Inc. (CGMI) $5.5 million and required the firm to pay at least $6 million in compensation to retail customers for displaying inaccurate research ratings for numerous equity securities during a nearly five-year period, and for related supervisory violations.

HOT LIST

FEATURED

Citi Building Sign

FINRA fines Citi for inaccurate research ratings

The Financial Industry Regulatory Authority (FINRA) announced that it has fined Citigroup Global Markets Inc. (CGMI) $5.5 million and required the firm to pay at least $6 million in compensation to retail customers for displaying inaccurate research ratings for numerous equity securities during a nearly five-year period, and for related supervisory violations.