Arizona Real Estate News

Citigroup to pay Mass. $30M over analyst’s leak

BOSTON -- Citigroup Global Markets Inc. will pay $30 million to Massachusetts to settle charges that a company analyst in Taiwan improperly shared research with four major clients a day before making the information widely available to all. Secretary of State William Galvin says by giving the information to certain large U.S. hedge fund and institutional clients in advance, it allowed them to profit from weaker sales of Apple iPhones.
Original article here