US judge gives final signoff on Citigroup-SEC deal

WASHINGTON, Oct 19 (BestGrowthStock) – A U.S. judge has given final
approval to a $75 million settlement between Citigroup Inc
(C.N: ) and the Securities and Exchange Commission over the
bank’s failure to disclose losses on subprime mortgages.

Judge Ellen Huvelle had demanded that the initial
settlement proposal be adjusted to ensure the bank maintains
proper disclosure practices in the future. She signed the final
judgment on Oct. 8, and it was released in the court docket on
Tuesday.
(Reporting by Jeremy Pelofsky, editing by Lisa Von Ahn)

US judge gives final signoff on Citigroup-SEC deal