Ex-Citigroup Broker Wins $3.57M In Arbitration

Law360, New York (December 15, 2006, 12:00 AM EST) -- A former Citigroup Global Markets Inc. stockbroker who accused the company of unjustly firing him has been awarded over $3.57 million by a National Association of Securities Dealers arbitration panel.

Juan Miguel Garcia, who worked for Citigroup for 10 years, filed a statement of claim with the NASD against the financial services company in June 2005 after he was “abruptly fired without cause” in 2004, according to Garcia.

Garcia filed the claim against his former employer because he had a contract that required arbitration of all...
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