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Citigroup to pay $11.5 million fines, compensation over errant stock ratings

NEW YORK (Reuters) - Citigroup Inc will pay at least $11.5 million in fines and restitution to settle charges it displayed the wrong research ratings on more than 1,800 stocks, causing many customers to own shares they never would have bought, a U.S. regulator said on Thursday.

Citigroup to pay $11.5 million fines, compensation over errant stock ratings
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