SEC Did No Special Favor For Citi In $75M Deal: Report

Law360, New York (November 17, 2011, 11:15 PM EST) -- The U.S. Securities and Exchange Commission's director of enforcement did not give special favors to Citigroup Inc. in the bank's $75 million settlement with the regulator last year over subprime exposure claims, the agency's Office of the Inspector General said Thursday.

In a report dated Sept. 27 but released Thursday, SEC Inspector General H. David Kotz cleared Robert Khuzami of allegations that he had acted improperly during the settlement proceedings with Citigroup and its former executives Gary Crittenden and Arthur Tildesley because of his relationship with...
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