From Financial Advisor Magazine online:
The Financial Industry Regulatory Authority (Finra) has fined Citigroup Global Markets Inc. $725,000 for failing to disclose conflicts of interest in both its research reports and in public appearances made by its research analysts, officials announced today.
According to Finra, Citigroup failed to disclose potential conflicts of interest inherent in its business relationships in certain research reports it published from January 2007 to March 2010.
I don’t know about you but $725,000 doesn’t seem very punitive for a company that made a profit of $11,300,000,000 last year. Maybe it’s just me…
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