Massachusetts fined Citigroup Global Markets Inc. $2 million for violating state securities law when it released confidential information ahead of the troubled Facebook Inc. initial public offering earlier this year. While the case relates to actions that occurred in Citigroup’s San Francisco office, Massachusetts has jurisdiction due to a 2003 consent order that the firm, then known as Salomon Smith Barney, signed with the state to settle charges of securities fraud.
Unlimited access to BostonGlobe.com for only 99 cents for the first 4 weeks.Sign up
Are you a home delivery subscriber?
Get FREE access as part of your print subscriptionStart Here
Contact us for help