August 17, 2015
Citigroup Alternative Investments LLC, Citigroup Global Markets Inc.
SANCTION AMOUNT: $179,562,328
Defendants: Citigroup Alternative Investments LLC, Citigroup Global Markets Inc.
Settlement of allegations that Respondents made material misstatements and omissions, including in written materials, in the offer and sale of two now-defunct hedge funds by claiming they were safe, low-risk, and suitable for traditional bond investors, while in reality the investments bore significant risk, and at times were in dire condition.
- Key Docs
- Official SEC press release