State University of New York Institute of Technology
spacer image




spacer image

Citigroup Fined by Finra Over Short Sale Violations

According to the article, Citigroup Inc.’s brokerage unit agreed to pay over $1.1 million dollars because they rigged the market in order to make quick profits. They did this by selling their shares they had, and then once the price went down, the bought the shares back at a lower price and made a good amount of money when the stock price went back up.


It is good that they are regulating this, because it could potentially harm a lot of little people into the stock market.

There are no comments to this post

(Back to hamlinjf blog | Write a Comment | Subscribe)

facebook | | digg | stumbleupon | RSS | slashdot | twitter

Log in to post/comment