Posts Tagged "Citigroup"

FINRA Fines Citigroup $500,000 for Failing to Supervise Sales Assistant Who Misappropriated Customer Funds

Posted by on Aug 9, 2011 in Securities Arbitration | 0 comments

Below is the content of a news release issued by FINRA regarding regaulatory action taken against Citigroup: WASHINGTON – The Financial Industry Regulatory Authority (FINRA) announced today that it has fined Citigroup Global Markets, Inc. $500,000 for failing to supervise Tamara Moon, a former registered sales assistant at the firm’s branch office in Palo Alto, California. Over an 8 year period, Moon misappropriated $749,978 from 22 customers, falsified account records and engaged in unauthorized trades in customer accounts. Moon took advantage of Citigroup’s supervisory lapses...

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