FINRA Fines Citi Unit Over Subprime RMBS Data

22 May 2012

The U.S. Financial Industry Regulatory Authority has fined Citigroup Global Markets $3.5 million for providing “inaccurate mortgage performance information, supervisory failures and other violations” in connection with subprime residential mortgage-backed securitizations.

The U.S. Financial Industry Regulatory Authority has fined Citigroup Global Markets $3.5 million for providing “inaccurate mortgage performance information, supervisory failures and other violations” in connection with subprime residential mortgage-backed securitizations.



FINRA found that between January 2006 and October 2007 Citi posted on its Web site inaccurate mortgage performance ...

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