August 18, 2015-Austin, Texas
John Morgan, Texas Securities Commissioner entered a Consent Order finding that Citigroup Global Markets, Inc. failed to monitor the registration status of sales assistants, some of whom accepted client orders without being properly licensed in Texas.
Citigroup was reprimanded and ordered to pay a fine of $35,000.
Texas participated in a multistate investigation into the practices of Citigroup Global and other brokerage firms in supervising sales assistants. The Order requires Citigroup to establish and maintain policies and procedures to ensure compliance with state securities registration laws.
Rex Securities Law , with offices in Boca Raton, FL, and Austin, TX, provides representation to investors nationwide who are seeking recovery of investment losses due to the negligence or fraud of stockbrokers and broker dealers. If you have questions about how your account has been handled, call to speak with an experienced securities attorney.
Most cases handled on a contingent fee basis meaning that you do not pay legal fees unless we are successful.
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