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
Directors: Focus on prospectus for ESG funds

Environmental, social, and governance investing has been a huge topic of discussion in the mutual fund industry over the past several years, including in fund boardrooms. ...