Friday October 26, 2012

Citi Fined $2M Over Facebook IPO

Oh no! Poor Citigroup will now have to dig deep into its petty cash to pay this whopping $2 million fine. roll eyes (sarcastic)

The complaint contends the unidentified junior analyst sent some of Citi's confidential views on investment risks and revenue estimates for Facebook to two employees at TechCrunch.com, a technology-focused media company, three weeks before Facebook went public on May 18.

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