In the Margins

Citigroup pays $18.3m for overbilling

January 27, 2017

By InvestmentNews

Citigroup Global Markets has agreed to pay $18.3 million to settle Securities and Exchange Commission charges that it overbilled investment advisory clients. From 2000 to 2015, the Citigroup unit overcharged approximately 60,000 advisory client accounts a total of $18 million. The overcharges have since been reimbursed with interest, according to the SEC order. Read the original story from InvestmentNews.

 

 

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