Citigroup Fined $15 Million By FINRA Over Equity Research Communications $C

FINRA said the Citigroup’s disciplinary measures against its equity research analysts lack the severity necessary to prevent repeat violations The Financial Industry Regulatory Authority ( FINRA) imposed a $15 million fine against Citigroup Inc ( NYSE:C) for failing to supervise properly the communications between its equity research analysts and clients regarding non-public research. The regulator added…