Monday, November 28, 2011

Citigroup Settlement Tossed: Judge Tells SEC To Get It Together



In a potentially precedent setting ruling on Monday, a federal judge in New York tossed out a settlement between the Securities and Exchange Commission and Citigroup, effectively telling the SEC -- which is responsible for protecting investors and maintaining fair, orderly markets -- that it isn't not going far enough in holding financial institutions accountable for their 
wrongdoings.

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