The Financial Industry Regulatory Authority (FINRA) censured Citigroup for failing to report transactions promptly to its Trade Reporting and Compliance Engine (TRACE). According to FINRA's December report of disciplinary actions, Citigroup was fined $400,000 and ordered to pay $10,099 in restitution to customers.
Bloomberg reports that the FBI has captured Perry and Rachelle Griggs, a couple accused of swindling approximately $3 million from investors through their Aloha Trading investment program. The investors are all relatives of inmates who Perry Griggs served time with at a Nevada prison. In October, a federal grand jury in Honolulu indicted the Griggs on 13 counts of wire and mail fraud related to the alleged scheme.