Citi Fired Mortgage Trader in March for Mismarking Portfolio

  • Saitskiy allegedly traded Treasuries in unathorized manner
  • Oleg Saitskiy now works for broker dealer Bay Crest Partners
Lock
This article is for subscribers only.

Citigroup Inc. fired a mortgage trader four months ago after internal and external lawyers determined he mismarked his portfolio.

Oleg Saitskiy, who was dismissed March 7, also “traded U.S. Treasury securities in a manner that was not authorized,” according to Financial Industry Regulatory Authority records reviewed Tuesday by Bloomberg.