SEC Defends $285M Citigroup Settlement Over Bum CDO
By Max Stendahl ( November 7, 2011, 5:38 PM EST) -- The U.S. Securities and Exchange Commission told a leery judge Monday that a $285 million settlement with Citigroup Inc. would adequately resolve allegations that the bank bet heavily against a $1 billion mortgage-related collateralized debt obligation it had touted to investors....
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