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BRIEF-Citigroup to pay about $2.5 mln in fines, restitution in FINRA settlement
August 26, 2014 / 1:25 PM / 3 years ago

BRIEF-Citigroup to pay about $2.5 mln in fines, restitution in FINRA settlement

Aug 26 (Reuters) - Citigroup Inc : * Finra says fines Citigroup Inc $1.85 million and orders restitution of

$638,000 for best execution and supervisory violations * Finra says Citigroup failed to provide best execution in about 22,000

customer transactions involving non-convertible preferred securities * Finra says Citigroup failed to use procedures to ensure its customers got the

best prices * Finra says Citigroup neither admitted nor denied the charges in agreeing to

settle

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