Citigroup Inc.—Misleading Investors over Hedge Fund Risk Allegations

Citigroup Inc. Allegedly Misled Investors Regarding the risks of Two Hedge Funds that Fell Apart in 2008 Citigroup Inc. and its brokers allegedly misled investors regarding the risks of two hedge funds that collapsed in 2008, according to statements from the SEC. Citigroup’s alternative investment unit and brokers at Citi allegedly misrepresented the two funds,… Read more »

Citigroup Global Markets Inc. and Multiple BD’s Fined $5 Million for Allegedly Failing to Supervise Solicitation of Toys R Us IPO, Offering Favorable Research Coverage

Investment fraud lawyers

In April of 2010, Toys R Us (TRU) and its private equity owners reportedly brought in Citigroup Global Markets Inc. (CGMI) as well as other broker-dealers including Credit Suisse, Deutsche Bank, Goldman Sachs, JP Morgan, Merrill Lynch, Morgan Stanley, Wells Fargo, Barclays Capital, Needham to compete for a role in TRU’s planned initial public offering,… Read more »

Citigroup Allegedly Failed to Properly Supervise and Send Prospectuses for 255,000 Sales of ETFs

New Orleans investment fraud attorney

From 2009 until April 2011, Citigroup allegedly failed to deliver prospectuses in connection with sales of certain ETFs to customers, and that just between September 2010 and November 2010 alone, Citigroup failed to deliver prospectuses for approximately 255,000 customer purchases regarding approximately 160 ETFs, according to a recent FINRA Letter of Acceptance, Waiver and Consent… Read more »