January 24, 2017 BY LeapRate Staff

CitiFX Alpha forex trading program leads to $6 million fine for Morgan Stanley and Citigroup

The U.S. Securities and Exchange Commission has announced that the Morgan Stanley Smith Barney unit of global investment bank Morgan Stanley (NYSE:MS), and the Citigroup Global Markets division of banking giant Citigroup Inc (NYSE:C), have agreed to pay more than $2.96 million apiece to settle charges that they made false and misleading statements about a…

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