SEC closes probe of Citi mortgage bonds
Citigroup Inc. said it was told by the Securities and Exchange Commission that the agency has completed its investigation of the bank's conduct regarding mortgage bonds and won't bring further enforcement action.
Citigroup said in a regulatory filing on Friday that it received the information from the SEC this week.
The SEC has filed a series of cases against Citigroup and other big Wall Street banks in recent years over their sales of securities backed by risky mortgages before the 2008 financial crisis. The banks have paid hundreds of millions of dollars to settle the SEC charges.
SEC spokesman John Nester declined to comment.
Subscribe today! Click here for our subscription offers.
Show commenting policy
TribLive commenting policy
You are solely responsible for your comments and by using TribLive.com you agree to our Terms of Service.
We moderate comments. Our goal is to provide substantive commentary for a general readership. By screening submissions, we provide a space where readers can share intelligent and informed commentary that enhances the quality of our news and information.
While most comments will be posted if they are on-topic and not abusive, moderating decisions are subjective. We will make them as carefully and consistently as we can. Because of the volume of reader comments, we cannot review individual moderation decisions with readers.
We value thoughtful comments representing a range of views that make their point quickly and politely. We make an effort to protect discussions from repeated comments either by the same reader or different readers.
We follow the same standards for taste as the daily newspaper. A few things we won't tolerate: personal attacks, obscenity, vulgarity, profanity (including expletives and letters followed by dashes), commercial promotion, impersonations, incoherence, proselytizing and SHOUTING. Don't include URLs to Web sites.
We do not edit comments. They are either approved or deleted. We reserve the right to edit a comment that is quoted or excerpted in an article. In this case, we may fix spelling and punctuation.
We welcome strong opinions and criticism of our work, but we don't want comments to become bogged down with discussions of our policies and we will moderate accordingly.
We appreciate it when readers and people quoted in articles or blog posts point out errors of fact or emphasis and will investigate all assertions. But these suggestions should be sent via e-mail. To avoid distracting other readers, we won't publish comments that suggest a correction. Instead, corrections will be made in a blog post or in an article.
- Renewable energy companies use new clout in statehouses
- FedEx put caps on shipments from some retailers
- Stocks eke out gains in shortened Christmas Eve session
- Bad Santa? 5 tips to tackle holiday gift returns
- Real estate union: Howard Hanna buys Langholz Wilson Ellis
- Hedge fund drops out of EDMC lawsuit, but 2nd remains
- Auto industry acts globally — except on recalls
- Major grid wants power plant closings delayed
- Highmark-UPMC doctor dispute goes to binding arbitration
- Express Scripts turns to AbbVie Inc.’s Viekira Pak in huge hepatitis C deal
- Toymakers adjust to societal changes, add construction sets for girls