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In Citigroup Case, A Crack in Wall Street’s Defenses

In Citigroup Case, A Crack in Wall Street’s Defenses


Gretchen Morgenson-NYTimes

TWO individual investors just scored a remarkable win against Citigroup.

A few weeks ago, the pair was awarded a total of $54.1 million in a securities arbitration case against the Smith Barney unit of the company — the largest amount ever awarded to individuals in such a case, according to the Financial Industry Regulatory Authority.

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