January 2015
S M T W T F S
« Dec    
 123
45678910
11121314151617
18192021222324
25262728293031
News for Norther Colorado and the world

Wednesday, January 28, 2015

Posts Tagged ‘Citigroup. SEC’

NY Judge critical of SEC

NY Judge critical of SEC

  Federal Judge Jed S. Rakoff was not pleased with the Security and Exchange Commission (SEC) proposed settlement with Citigroup. Citigroup violated previous agreements, lied to its customer about the mortgage bonds they were selling and bet against the bonds. Citigroup's customers lost $700 million while the bank made a profit of $160 million. The SEC was willing to let Citigroup off with no admission of wrong doing and what the judge considered to be an inadequate fine. The two ... Full Story

Page 1 of 11