The SEC will vote today on a proposed agreement with Citigroup (C +2.2%) to pay more than $200M to settle civil fraud charges related to its sale of a mortgage bond deal, WSJ reports. The SEC has been investigating whether Citigroup misled investors in the deal, a CDO created from other CDOs backed by subprime mortgages.
Citigroup owns the Smith Barney Brokerage firm.
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