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Broker-dealer charged with recordkeeping lapses in its underwriting

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Julie DiMauro

2 min read

The SEC said CGMI willfully violated recordkeeping requirements concerning expenses the firm incurred in its underwriting business.

The US SEC announced settled cease-and-desist proceedings against dually registered broker-dealer and investment adviser Citigroup Global Markets Inc. (CGMI) for willfully violating recordkeeping requirements concerning expenses that the firm incurred in connection with its underwriting business.

Recordkeeping requirements of the federal securities laws require broker-dealers to make and keep current

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