Maddox Hargett & Caruso reported that New York City based Financial Industry Regulatory Authority arbitration panel has ordered Citigroup Global Markets, Inc. to pay compensatory damages of more than $1.471 million to a client of Maddox Hargett & Caruso, P.C. in connection with her 2007 purchase of the Rochester Fund Municipals Fund.
Steven Caruso, of Maddox Hargett & Caruso, P.C., who served as counsel for the investor said, "Through the issuance of this arbitration award, our client not only received a substantial portion of the losses that she sustained as a result of her investment in the Rochester Fund Municipals Fund, but the arbitrators also further held Citigroup liable for 9% of statutory interest on her principal loss as well."
For comments and feedback contact: editorial@rttnews.com
Business News
June 05, 2026 16:18 ET A busy week for economic news flow saw a slew of reports being released that reflected the trends in the U.S. labor market. In Europe, economic growth and inflation data gained attention as the European Central Bank and Bank of England head for policy session later in the month. In Asia, the monetary policy session of the Indian central bank was in focus as the country, a major oil importer, reels under the pressures of a weaker rupee and rising inflation.