Tagged with "Citigroup"

Why Citi’s robo is ‘late to the game’

Posted on January 31st, 2020 at 3:00 PM
Why Citi’s robo is ‘late to the game’

Citigroup is the latest financial services firm to offer a digital advice platform designed to draw retail banking clients into lucrative wealth management relationships. However, the investment bank is behind competitors and the offering is priced well above the most attractive price points from competing firms.

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The 10 Biggest Brokerage Industry Regulatory Fines in 2014

Posted on January 16th, 2015 at 9:47 AM

FINRA handed out some hefty fines to financial firms in 2014. Click to see 10 of the biggest fines handed out this year, presented in order of the amount of the fine.

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10 Firms Fined for Allowing Equity Analysts to Solicit IB Business

Posted on December 30th, 2014 at 9:56 AM
10 Firms Fined for Allowing Equity Analysts to Solicit IB Business

FINRA has fined 10 firms a total of $43.5 million for allowing their equity research analysts to solicit investment banking business and for offering favorable research coverage in connection with the 2010 planned initial public offering of Toys R Us. 

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Citigroup Fined for Compliance Issue

Posted on November 28th, 2014 at 10:12 AM
Citigroup Fined for Compliance Issue

FINRA fined Citigroup $15 million for failing to supervise research analysts and their handling of material non-public information.

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TESTIMONIALS

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We just wanted to say thanks for your work in helping us get back some of the money we lost. We are not by any means rich, but we have saved some money and we have done so through a tight-fisted approach to most everything we do. So losing a significant chunk of money hurt…especially at a time when everyone else was growing their accounts. We really appreciate the work you did.

Allan and Adele

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February 4, 2025
Wells Fargo Faces $3.37 Million FINRA Award Over Alleged Elder Exploitation

A FINRA arbitration panel has ordered Wells Fargo Clearing Services and its advisor, Stephen L. Smith, to pay approximately $3.37 million in damages to the estate of Genell Mathis.

February 3, 2025
Bank of America Agrees to Consent Order Over Anti-Money-Laundering Deficiencies

Bank of America Corp. has entered into a consent order with the Office of the Comptroller of the Currency (OCC) to address deficiencies in its anti-money-laundering (AML) and sanctions compliance programs.

January 31, 2025
UBS Settles FINRA Claims Over Supervision of Short-Term Preferred Stock Trades

According to AdvisorHub, UBS Wealth Management USA’s broker-dealer has agreed to pay $3.5 million in sanctions over allegations of supervisory failures related to short-term trading of syndicate preferred stock.