In the Margins
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
Average compensation among mutual fund independent directors was higher in 2024, when compared to the year prior, an increase that was more than double what their ...
Comprehensive guidance on the oversight of sub-advisers that exists in the market has served mutual fund boards well for over 15 years. These frameworks remain foundational, ...
Independent directors who anticipate overseeing exchange-traded fund share classes are contemplating myriad issues related to what many industry participants believe will be a seismic shift in ...
Over the past several weeks, I have written articles exploring conflicts of interest that could challenge a variety of financial industry participants. Those articles explored potential ...