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October 26, 2012
Massachusetts Fines Citi $2 Million for Tech Analyst's Improper Disclosures
Massachusetts Securities Division fined Citigroup $2 million for failing to supervise tech analyst Mark Mahaney and a junior analyst who improperly disclosed confidential information about Facebook's IPO and Google's revenue estimates. Citigroup fired Mahaney, who is a top-ranked internet analyst. Citigroup admitted to the statement of facts and agreed to cease and desist from violating state securities laws.
WSJ, Citi Analyst Fired After Facebook Disclosure
October 26, 2012 in Other Regulatory Action | Permalink
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