New York judge rejects $285M SEC-Citigroup agreement
The Associated Press
NEW YORK — A federal judge in New York has struck down a 5 million settlement that Citigroup reached with the Securities and Exchange Commission, citing a need for truth about the financial markets.
Judge Jed Rakoff rejected the settlement Monday. The deal would have imposed penalties on Citigroup even as it allowed the company to deny allegations that it misled investors on a complex…
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