
Citigroup agreed to pay $50 million to a group of states and another $50 million to New York State to resolve litigation alleging it failed to properly inform investors about the risks of auction-rate securities. The settlement was also announced by the New York Attorney General; For more info visit https://www.nasaa.org/2204/securities-regulators-announce-settlement-with-citigroup-in-auction-rate-securities-investigation/?qoid=ars