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Citigroup to Pay $75 Million to Settle SEC Charges

Business  (tags: citigroup, investor, USA, exchange )

- 2276 days ago -
Citigroup Inc (C.N) will pay $75 million to settle charges that it failed to disclose subprime exposure to investors in 2007, the U.S. Securities and Exchange Commission said on Thursday.

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Cal Mendelsohn (1085)
Thursday July 29, 2010, 10:06 pm
A slap on the wrist, for sure!
Thanks sophie

Elsa ED (231)
Thursday July 29, 2010, 10:27 pm
Seems to me the executives should have gone to jail. Seems the taxpayers are the ones who really payed for the settlements anyway. After all where did the bailout money come from? The criminals walk free as par usual. That is American justice for you.

gail dair (0)
Friday July 30, 2010, 12:10 am
Thanks Sophie

ParsifalAWAY S. (99)
Friday July 30, 2010, 2:14 am
Peanuts for city bank.
Thanks, Sophie, noted

patricia lasek (317)
Friday July 30, 2010, 4:08 am
Grand larceny deserves jail time!

Norm C. (74)
Friday July 30, 2010, 1:18 pm
Agreed. This is what self-policing looks like: incompetence and crony capitalism.

Ron Avila (20)
Friday July 30, 2010, 5:41 pm
someone should have be imprisoned.

Alamzeb Khan (401)
Saturday July 31, 2010, 12:23 pm

Saturday July 31, 2010, 10:39 pm
citibank should be named ciminalbank and as for goldman sachs...yes it sucks...what they pay is nothing...they are responsible for the economical situation...these banks should have been closed and their people jailed...
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