Wall Street Firms Repeatedly Make False Pledges To SEC

Major Wall Street Firms Settled Fraud Cases With Promises They Later Broke

WASHINGTON -- When Citigroup agreed last month to pay $285 million to settle civil charges that it had defrauded customers during the housing bubble, the Securities and Exchange Commission wrested a typical pledge from the company: Citigroup would never violate one of the main antifraud provisions of the nationโ€™s securities laws.

Popular in the Community

Close

What's Hot