Citigroup Global Markets Inc. (CRD #7059, New York, New York) was fined $160,000 by FINRA for certain findings. According to the May 2020 FINRA Disciplinary Actions report, CitiGroup Global Markets allegedly failed to report certain financial transactions called Reportable Order Events (ROEs) to the Order Audit Trail System (OATS™). The firm was also held accountable for failing to establish and maintain a supervisory system and failing to conduct supervisory reviews in regards to reports submitted to OATS.
These may seem like irrelevant technicalities. These oversights, however, do affect investors. Banks, brokers, and investment firms are responsible for not only protecting your money but they are also responsible for remaining compliant with the requirements of the SEC, FINRA, and all other regulatory institutions.
If you lost money with Citigroup Global Markets or any broker or brokerage firm, call us immediately to discuss your situation. We are here to attempt to recover your investment losses. NO RECOVERY, NO FEE! Costs are additional.
The Blum Law Group, a National Securities Arbitration and Litigation Law Firm, has recovered well over $200 Million for investors nationwide. Our attorneys have represented thousands of investors for approximately 25 years!