Costello Law Group
Representing Clients Nationwide Free Initial Consultations
Local: 410-832-8800Toll Free: 877-418-0003

December 2010 Archives

Citigroup fined and censured by FINRA

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. 

FBI arrests couple accused of Ponzi scheme

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. 

Contact Our Firm

Bold labels are required.

Contact Information

The use of the Internet or this form for communication with the firm or any individual member of the firm does not establish an attorney-client relationship. Confidential or time-sensitive information should not be sent through this form.


Privacy Policy