News

Law

Asset Management

Investment Banking

Wealth

Hedge Funds

People

Newsletters

Events

Lists

Citigroup hit with sixth fine this summer

Citigroup has been slapped with its sixth fine in less than three months after 100 of its brokers falsely claimed their clients were disabled to receive fee waivers on mutual fund sales.

The penalty adds to five other fines levied on the group worldwide since June 1. In total the fines amount to $4.85m.

WSJ Logo