SEC v. Citigroup Global Markets Inc.

SEC v. Citigroup Global Markets Inc. was a legal case in which the U.S. Securities and Exchange Commission (SEC) accused Citigroup of misleading investors about the risks of certain mortgage-backed securities during the 2008 financial crisis. The SEC alleged that Citigroup had failed to disclose its own knowledge of the poor quality of the loans underlying these securities while marketing them. The case highlighted issues of transparency and accountability in financial markets, and eventually led to a settlement where Citigroup agreed to pay a fine without admitting wrongdoing, emphasizing the importance of clear communication in financial products.