sec whistleblower attorneys
November 07, 2018
Citibank N.A.
Trading and Pricing
SANCTION AMOUNT: $38700000
Defendants: Citibank N.A.
The Commission found that Respondent improperly provided American Depositary Receipts (ADRs) to brokers in thousands of pre-release transactions when neither the brokers nor their customers had the foreign shares needed to support them, leading to inappropriate short selling and dividend arbitrage.
- Key Docs
- Official SEC press release
