Citi To Pay $1M For Lax Trade Controls Behind Price Swings

By Jack Newsham ( June 12, 2017, 8:38 PM EDT) -- A unit of Citigroup Inc. has agreed to pay $1 million to resolve claims that it violated market rules and supervisory requirements for more than four years, allowing employees to send erroneous trade orders — including one worth over $13 billion — that sent shudders through the markets, according to a settlement posted Friday by the Financial Industry Regulatory Authority....

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