FINRA fines Citigroup unit $250K over trade designations
By 
Kyle Brasseur2023-09-12T18:35:00
An affiliate of financial services firm Citi was fined $250,000 by the Financial Industry Regulatory Authority (FINRA) regarding inaccurate trade confirmations to customers.
Citigroup Global Markets agreed to settle the matter, which was uncovered during a FINRA examination.
From October 2016 through July 2020, Citigroup Global Markets issued approximately 37,000 inaccurate trade confirmations to customers through its alternative trading system, CitiBLOC ATS, according to FINRA’s disciplinary notice published Monday.
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