In May 2015, Citigroup Global Markets Inc. signed a letter of Acceptance, Waiver and Consent with the Financial Industry Regulatory Authority (FINRA) in response to FINRA findings that Citigroup submitted reports that contained inaccurate, incomplete or improperly formatted data to the Order Audit Trail System (OATSTM).
The findings also indicated that Citigroup improperly filed Combined Order/Execution Reports to OAT that were not required. Citigroup did not admit or deny the FINRA findings, but agreed to pay a $25,000 fine to resolve the matter.
If you would like to learn more about this potential matter, please fill out the form on the right or contact the following attorney:
Andrei Rado, Esq.
One Pennsylvania Plaza, 49th Fl.
New York, NY 10119-0165
Phone number: (800) 320-5081
Milberg LLP has been representing consumers and investors for more than four decades and serves as lead counsel in federal and state courts throughout the United States.
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