Roundup: Goldman Sachs, Citi, Robinhood disclose regulatory investigations


Goldman Sachs Group, Citigroup, and Robinhood Markets each issued quarterly filings this week disclosing regulatory investigations they are respectively facing into varied business practices.

Goldman Sachs disclosed in a securities filing the bank is cooperating with a Consumer Financial Protection Bureau (CFPB) investigation into its “credit card account management practices, including with respect to the application of refunds, crediting of nonconforming payments, billing error resolution, advertisements, and reporting to credit bureaus.”

Citigroup said it is being investigated by unnamed agencies regarding its trading in government securities.

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