Jan
15

S.E.C. Inertia on Paybacks Adds to Investor Harm

By

In August 2015, the S.E.C. struck a settlement with Citigroup over an exotic investment strategy involving municipal bonds that the bank sold to clients from 2002 to 2008. CreditEric Risberg/Associated Press

When securities laws are broken and investors get hurt, the Securities and Exchange Commission often rides to the rescue, using its regulatory muscle to extract penalties that can be returned to victims.

But as a cadre of harmed Citigroup investors is learning, it is one thing to persuade a wrongdoer to pay reparations and quite another to disburse the money.

This particular matter dates to August 2015, when the S.E.C. struck a settlement with Citigroup over an exotic investment strategy involving municipal bonds that the bank sold to clients from 2002 to 2008…

S.E.C. Inertia on Paybacks Adds to Investor Harm

Share
Categories : Uncategorized

Leave a Reply

You must be logged in to post a comment.