Citigroup Unit Ordered to Pay $2.43 Million on Losses, WSJ Says
By Greg Chang -
2010-12-03T23:28:38Z
Citigroup Inc.’s Citigroup Global Markets was ordered to pay a group of investors $2.43 million over losses tied to the company’s MAT Five and municipal arbitrage fund MAT Finance LLC, the Wall Street Journal reported, citing a ruling by a Financial Industry Regulatory Authority panel.
An unidentified Citigroup spokesman said the lender believes the claims are meritless, according to the report.
To contact the editor responsible for this story: Greg Chang at gchang1@bloomberg.net
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