Citigroup Global Markets Inc. (CRD #7059, New York, New York) was censured and fined $3,000,000, to be paid jointly to FINRA and the New York Stock Exchange (NYSE) for allegedly failing to deliver prospectuses in connection with sales of certain ETFs (Exchange Traded Funds) to customers. FINRA's findings stated that Citigroup Global Markets failed to […]

Soreide Law Group, PLLC, is currently investigating the marketing and sales of non-traditional exchange traded funds (ETFs) to investors. Many of the country's leading banks – including Citigroup, Morgan Stanley, UBS and Wells Fargo – were recently sanctioned by the Financial Industry Regulatory Authority (FINRA) for more than $9.1 million over their failure to supervise […]