Citigroup Fined for Telling Clients to Buy When It Meant Sell

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  1. Citigroup Fined for Telling Clients to Buy When It Meant Sell  Bloomberg
  2. Citigroup to pay $11.5 million fines, compensation over errant stock ratings  Reuters
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Citigroup Inc. will pay $. million to resolve Financial Industry Regulatory Authority claims that a brokerage unit harmed retail customers by displaying inaccurate research ratings for hundreds of securities for nearly five years. Citigroup Global Markets Inc. showed incorrect ratings such as "buy" instead .How useful are stock ratings? A glitch at Citigroup spanning more than four years has given investors another reason to ask that question. The bank s electronic feed distributed inaccurateyst ratings to individual retail customers, sometimes giving a stock a "buy" rating instead of a "sell," or grading a .Citigroup Inc will pay at least $. million in fines and restitution to settle charges it displayed the wrong research ratings on more than stocks..Fast News. Citigroup fined for telling clients to buy when it meant sell. Error in data feed led to transactions at odds with ratings. Gregory Mott, Bloomberg comments. Image Shutterstock. Citigroup will pay $. million to resolve Financial Industry Regulatory Authority claims that a brokerage unit .







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