Citigroup Global Markets Inc. Tag Archives — Investor Lawyers Blog

Citigroup Global Markets Broker Under Investigation

Shepherd, Smith, Edwards & Kantas, a law firm specializing in representing wronged investors, is looking into securities fraud allegations against Timothy Kenska, a broker employed by Citigroup Global Markets out of Encinitas, California. Prior to that, he worked at Citicorp.

According to hisofficial recordon the Financial Industry Regulatory Authority’s (“FINRA”) website, Kenska has seven “disclosures.” FINRA is the regulatory body overseeing brokerage firms and registered representatives employed by them. A disclosure is an official complaint made or a claim filed against a broker/financial advisor.

The Financial Industry Regulatory Authority is orderingCitigroup Global Markets Inc. (CGMI)要支付1,150万美元的赔偿和罚款以解决指控公司对1800多个股票的“不准确研究评级”的指控，这是CGMI涵盖的股票的38％以上。根据自我监管组织的说法，评级不准确的结果是，如果提供了正确的信息，许多客户最终购买了他们不会购买的股票。

Citigroup settled the case without denying or admitting to wrongdoing. The alleged inaccurate ratings would have been issued between 2011 and 2015.

According to the self-regulatory organization, CGMI showed the inaccurate ratings not just to retail customers, but also to its brokers and supervisors. These inaccuracies were caused by errors in the firm’s electronic ratings data feed that it provides to its clearing firm. As a result: the wrong rating was displayed for certain securities, ratings for securities that CGMI did not cover were provided, and/or the ratings for securities that the firm did rate were not displayed at all. The research ratings on CGMI’s actual research reports, to which brokers had access, were not impacted by these mistakes.

Articles Tagged withCitigroup Global Markets Inc.

Timothy Kenska and Citigroup Global Markets Investigated For Securities Fraud

Citigroup Global Markets Broker Under Investigation

FINRA命令花旗集团支付1,150万美元，其中包括至少600万美元向投资者支付不正确的股票研究评级