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.

 

 

Most Read

Top of the Agenda - Governance
Recruiting in the time of coronavirus

Mutual fund boards seem well on their way to mastering the art of conducting business virtually, but one area that may still be a challenge during ...

Top of the Agenda - Legal
Greene, Baris join Sidley Austin funds group

Mutual fund industry lawyers Nathan Greene and Jay Baris today have joined Sidley Austin's LLP's New York office as partners in the Investment Funds group. Both ...