Business News: FINRA Fines Citigroup Global Markets Inc. $1.25 Million

Business News: FINRA Fines Citigroup Global Markets Inc. $1.25 Million

FINRA Fines Citigroup Global Markets Inc. $1.25 Million for Failing to Appropriately Fingerprint or Screen Employees Over Seven-Year Period

WASHINGTON DC (STL.News) – FINRA today announced it has fined Citigroup Global Markets Inc. (CGMI) $1.25 million for failing to conduct timely or adequate background checks on approximately 10,400 non-registered associated persons spanning a seven-year period.

Federal securities laws require broker-dealers to fingerprint certain associated persons working in a non-registered capacity prior to or upon association with the firm. 

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