NOTE: Stipulations of Fact and Consent to Penalty (SFC); Offers of Settlement (OS); and Letters of Acceptance Waiver, and Consent (AWC) are entered into by Respondents without admitting or denying the allegations, but consent is given to the described sanctions & to the entry of findings. Additionally, for AWCs, if FINRA has reason to believe a violation has occurred and the member or associated person does not dispute the violation, FINRA may prepare and request that the member or associated person execute a letter accepting a finding of violation, consenting to the imposition of sanctions, and agreeing to waive such member's or associated person's right to a hearing before a hearing panel, and any right of appeal to the National Adjudicatory Council, the SEC, and the courts, or to otherwise challenge the validity of the letter, if the letter is accepted. The letter shall describe the act or practice engaged in or omitted, the rule, regulation, or statutory provision violated, and the sanction or sanctions to be imposed.

Citigroup Global Markets Inc
AWC/2009019551901

Citigroup submitted inaccurate Form U5 filings for registered representatives who were terminated or voluntarily resigned following allegations of theft, fraud, violations of investment-related rules or failure to supervise investment-related rules. In its required regulatory filings for most of those terminations, the firm inaccurately answered “no” to the termination disclosure question on the Form U5 that inquired about such allegations. The firm failed to establish, maintain and implement an adequate supervisory system and written procedures that were reasonably designed to achieve compliance with its obligation to complete and submit accurate Form U5 filings.

Citigroup Global Markets Inc: Censured; Fined $150,000