citigroup research ratings

FINRA Fines Citigroup $11.5 Million for Inaccurate Info to Customers, Brokers

FINRA Fines Citigroup $11.5 Million for Inaccurate Info to Customers, Brokers

From February 2011 to December 2015, Citigroup displayed to investors, brokers, and supervisors inaccurate ratings related to more than 1,800 equities, or more than 38% covered by the firm. These mistakes included the wrong execution recommendations (“buy” instead of “sell”); ratings which were mixed up between securities; or non-ratings for securities which were actually rated.