Citigroup to pay $11.5 million fines, compensation over errant stock ratings

December 28, 2017 by  
Filed under News

NEW YORK (Reuters) – Citigroup Inc will pay at least $11.5 million in fines and restitution to settle charges it displayed the wrong research ratings on more than 1,800 stocks, causing many customers to own shares they never would have bought, a U.S. regulator said on Thursday.

Source: Reuters Business News

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