U.S. Judge Blocks Citigroup-Sec Settlement

Summary


EDITOR'S NOTE: This story has been updated with a statement from the SEC.

NEW YORK (Reuters) - A federal judge angrily blocked Citigroup Inc's proposedover the sale of toxic mortgage debt, excoriating the top U.S. market regulator over how it reaches corporate fraud settlements.

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Extract


U.S. Judge Blocks Citigroup-Sec Settlement

U.S. District Judge Jed Rakoff in Manhattan said the U.S. Securities and Exchange Commission appeared uninterested in actually learning what Citigroup did wrong, and erred by ask...

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