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."
Click here to receive FREE breaking news email alerts for Citigroup Inc. and others in your portfolio
by RTT Staff Writer
For comments and feedback: email@example.com