SEC-Citi settlement case goes before appeals court

02/11/2013 | Reuters · Wall Street Journal, The

A push by the Securities and Exchange Commission and Citigroup for reinstatement of a mortgage-bond settlement that was rejected by a federal judge in 2011 went before an appeals court last week, with hints from judges toward calling for a new settlement. The original case relates to Citi allegedly not revealing conflicts of interest while selling a mortgage-bond product.

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Reuters · Wall Street Journal, The

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