
The Financial Industry Regulatory Authority fined Citigroup Global Markets, Inc. $500,000 For failing to supervise a former registered sales assistant at the firm's branch office in Palo Alto, California, who misappropriated $749,978 from 22 customers, falsified account records and engaged in unauthorized trades in customer accounts. For more info visit https://www.finra.org/media-center/news-releases/2011/finra-fines-citigroup-500000-failing-supervise-sales-assistant-who