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.
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