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This excerpt taken from the C 10-K filed Feb 24, 2006. Investigations of Euro Zone Government Bonds Trade On August 2, 2004, Citigroup Global Markets Limited executed certain large trades in Euro Zone Government bonds in London that were carried out on the MTS trading platform. On August 19, 2004, the UK Financial Services Authority commenced an enforcement investigation into certain aspects of these trades. Other European regulators have also commenced similar investigations. The German regulator, BaFin, referred the results of its investigation into the trades to prosecutors for possible prosecution against employees of the Company. The German prosecutors have declined to take any action against the employees and the BaFin declined to pursue the matter. Eurex found the firm not liable on the substantive charge but found the firm liable for a registration violation. Citigroup is cooperating with these investigations. This excerpt taken from the C 8-K filed Sep 9, 2005. Investigations of Euro Zone Government Bonds Trade
On August 2, 2004, Citigroup Global Markets Limited executed certain large trades in Euro Zone Government bonds in London that were carried out on the MTS trading platform. On August 19, 2004, the UK Financial Services Authority commenced an enforcement investigation into certain aspects of these trades. Other European regulators have also commenced similar investigations. Recently, the German regulator, BaFin, referred the results of its investigation into the trades to prosecutors for possible prosecution against employees of the Company. Citigroup is cooperating with these investigations.
This excerpt taken from the C 10-Q filed Aug 4, 2005. Investigations of Euro Zone Government Bonds Trade On June 28, 2005, the U.K. Financial Services Authority cited Citigroup for breaches of FSA Principle 2 (a firm must conduct its business with skill, care and diligence) and 3 (a firm must take reasonable care to organize and control its affairs responsibly and effectively). Citigroup agreed to pay $7.29 million to the FSA and relinquish $18.15 million in profits generated by the trade to the FSA. This excerpt taken from the C 8-K filed Jun 7, 2005. Investigations of Euro Zone Government Bonds TradeOn August 2, 2004, Citigroup Global Markets Limited executed certain large trades in Euro Zone Government bonds in London that were carried out on the MTS trading platform. On August 19, 2004, the UK Financial Services Authority commenced an enforcement investigation into certain aspects of these trades. Other European regulators have also commenced similar investigations. Recently, the German regulator, BaFin, referred the results of its investigation into the trades to prosecutors for possible prosecution against employees of the Company. Citigroup is cooperating with these investigations.
This excerpt taken from the C 10-Q filed May 4, 2005. This excerpt taken from the C 10-K filed Feb 28, 2005. Investigations of Euro Zone Government Bonds Trade On August 2, 2004, Citigroup Global Markets Limited executed certain large trades in Euro Zone Government bonds in London that were carried out on the MTS trading platform. On August 19, 2004, the UK Financial Services Authority commenced an enforcement investigation into certain aspects of these trades. Other European regulators have also commenced similar investigations. Recently, the German regulator, BaFin, referred the results of its investigation into the trades to prosecutors for possible prosecution against employees of the Company. Citigroup is cooperating with these investigations. | EXCERPTS ON THIS PAGE:
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