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Citigroup Fined for Providing Inaccurate Performance Data on Mortgage-Backed Securities

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The Financial Industry Regulatory Authority (FINRA) has fined Citigroup Global Markets, Inc. $3.5 million for providing inaccurate mortgage performance information with regard to subprime residential mortgage-backed securitizations (RMBS). Investors had been given inaccurate data for nearly six years, according to FINRA.


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Published In: Wills, Trusts, & Estate Planning Updates

DISCLAIMER: Because of the generality of this update, the information provided herein may not be applicable in all situations and should not be acted upon without specific legal advice based on particular situations.

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