Investment Loss Claims Against Citigroup Global Markets
Recover Your Losses Caused by Citigroup Global Markets
Citigroup emerged out of one of the largest mergers in history between
Citicorp and Travelers Group in 1998. Though one of the Big Four banks
in the United States, due to heavy exposure to CDOs (collateralized debt
obligations) Citigroup suffered major losses during the recent subprime
mortgage crisis and had to be bailed out by the United States federal
government. Citigroup was removed from the Dow Jones Industrial Average
due to significant government ownership. Citigroup was replaced by Citigroup's
sister firm, Travelers Insurance.
Citigroup Stockbroker & Investment Fraud
Citigroup has a checkered past when it comes to SEC and related violations.
In February 2011, we reported that the Financial Industry Regulatory Authority (FINRA) ordered Citigroup
to pay $6.4 million to investors for losses pertaining to the municipal
arbitrage fund. Investors who invested with Citigroup lost more than 80
percent of the value of their municipal arbitrage fund investments and
filed claims against the brokerage firm alleging fraud,
misrepresentation and breach of fiduciary duty.
In March 2011, we reported that the Securities and Exchange Commission (SEC) began an investigation
into Citigroup after hearing of conflict regarding the structuring and
sale of a particular CDO. In November of that same year, we reported that
to settle those charges, Citigroup shelled out
In April 2011, Meyer Wilson reported on FINRA awarding investors $54 million in damages.
Investors claimed that they lost millions of dollars due to Citigroup's
breach of fiduciary duty,
unsuitability and more.
As a securities brokerage firm licensed by FINRA, Citigroup has a legal
duty to supervise its brokers and its brokers' recommendations to
clients to ensure compliance with and prevent violations of the rules
of the security industry. When an individual broker is negligent or acts
in an unlawful manner against the interests of the client and that client
suffers damages as a result of such wrongdoing, Citigroup may be held
liable for the investor's losses.
If you lost a significant amount of money after investing with Citigroup,
contact Meyer Wilson today to discuss your claim.
Have an investor claim? Contact Meyer Wilson securities fraud lawyers!
Though Citigroup may be one of the largest financial entities in the United
States, investment loss lawyers from Meyer Wilson have the skills and
resources to successfully pursue claims against Citigroup and firms like
them. Our firm’s ability to go head-to-head with large brokerage
firms comes from 50 years of collective experience practicing in a single
area of law: securities fraud.
Our single-minded focus has developed our skills and strategies, allowing
us to win back hundreds of millions of dollars on behalf of our clients— over
$350 million! Meyer Wilson represents clients in federal and state courts, as well
as in arbitration through FINRA, AAA, and privately. We also represent
international clients who have claims against FINRA-licensed firms.
To determine whether you have a case against Citigroup or a Citigroup registered
broker for your losses, call us or complete our online form for a
free case evaluation.