FINRA found that from February 2011 through December 2015, CGMI displayed to its brokers, retail customers and supervisors inaccurate research ratings for more than 1,800 equity securities --more than 38 percent of those covered by the firm.
As a result of the errors, CGMI brokers solicited thousands of transactions inconsistent with the firm's actual ratings and negligently made inaccurate statements to customers about those ratings.
Customers were overcharged when CGMI
failed to rebate certain customers' accounts after periods of inactivity when fees should not have been charged, but were.
Ojala que el mensaje liberador de la importantisima contribucion de la CGMI
impulse experiencias similares de escritura entre otras mujeres de los demas grupos indigenas para que tambien presenten en un libro las vicisitudes de sus historias y batallas.
The refinancing also included refinancing RCPC's 2006 revolving credit facility, which had nil outstanding borrowings at December 31, 2009, with the a 4-year, $140 million asset-based, multi-currency 2010 Revolving Credit Facility under an amended and restated revolving credit agreement dated as of March 11, 2010 (the "2010 Revolving Credit Agreement" and, together with the 2010 Term Loan Agreement, the "2010 Credit Agreements"), among RCPC, as borrower, the lenders party thereto, CGMI
and Wells Fargo Capital Finance, LLC ("WFS"), as the joint lead arrangers, CGMI
, WFS, BAS, JPM Securities and Credit Suisse, as joint bookrunners, and CUSA as administrative agent and collateral agent.
The SEC censured SBFM and CGMI
and ordered them to cease and desist from violations of Sections 206(1) and 206(2) of the Advisers Act.
The settlement, in which Citigroup has neither admitted nor denied any wrongdoing or liability, includes fraud charges resulting from failures by SBFM and CGMI
to disclose aspects of the transfer agent arrangements to the Funds.
In the consent solicitations and exchange offers, CGMI
accepted tenders representing 100% aggregate face amount of each series of the Old Certificates in exchange for an equal aggregate face amount of trust certificates issued by newly-established trusts (the "New Certificates").
Following consummation of the consent solicitation and exchange offer, the credit agreement will not contain the restrictive covenants CGMI
is seeking to remove pursuant to the consent solicitation and exchange offer and will reflect the modification of other covenants and events of default to make them less restrictive.
Through January 3, 2005, CGMI
had received tenders of $398.
Through December 29, 2004, CGMI
had received tenders of $394.
If the consent solicitation and exchange offer is consummated, CGMI
will pay to each holder of Old Certificates that validly consents to the proposed amendments prior to 5:00 p.