Tag Archives: Records

SEC Fines Large Bank $10mn Records, Controls

On Aug. 16, SEC fined Citigroup $10mn for records and controls. Citi to pay $10.5mn for books and records violations and inadequate controls. Actions on books and records, internal accounting controls, trader supervision. From $81mn losses, due to trader mismarking and unauthorized prop trading. With $475mn of losses, due to fraudulently-loans made by Mexican subsidiary.…
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