The Financial Industry Regulatory Authority fined Citigroup Global Markets Inc. $1.85 Million for failing to provide best execution in approximately 22,000 customer transactions involving non-convertible preferred securities, and for related supervisory deficiencies for more than three years. FINRA also ordered Citigroup to pay more than $638,000 in restitution, plus interest, to affected customers. For more info visit https://www.finra.org/media-center/news-releases/2014/finra-fines-citigroup-global-markets-inc-185-million-and-orders