Bank Report

Citigroup is fined for plot to waive fund sales fees
By Clint Riley
The Wall Street Journal Europe
11 Aug 2006

NEWYORK—The National Association of Securities Dealers fined Citigroup Inc.’s retail-brokerage unit $1.1 million for its role in a plot to waive mutual-fund sales charges by using false disability claims. The financial-services company was ordered to... read more...