Citigroup Unit Ordered to Pay $2.43 Million on Losses, WSJ Says
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 email@example.com
Bloomberg moderates all comments. Comments that are abusive or off-topic will not be posted to the site. Excessively long comments may be moderated as well. Bloomberg cannot facilitate requests to remove comments or explain individual moderation decisions.