NASD Sanctions Meeting Content

Bassett, Michael
July 2007
Financial & Insurance Meetings;Jul/Aug2007, Vol. 43 Issue 4, p12
Trade Publication
The article reports on the decision of Citigroup Global Market Inc. to pay more than $15 million to settle charges that a group of its financial advisers misled BellSouth employees during dozens of seminars and meetings between 1994 and 2002. Citigroup will be paying a fine of $3 million to the National Association of Securities Dealers (NASD). The bank was charged with failing to supervise the team of brokers who used misleading documents that made exaggerated projections of future earnings.


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