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Citigroup fined for advising to ‘buy’ stocks rated ‘sell’


You had one job, Citigroup. The banking giant’s brokerage group displayed “inaccurate research ratings” — namely, slapping “buy” ratings on stocks that were actually rated “sell,” and vice versa — to its brokers, retail customers and supervisors, the Financial Industry Regulatory Authority said Thursday. Because of a faulty electronic data feed, some customers inadvertently owned...
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Source: New York Post


23:31, December 28, 2017 Carleton English

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