Two Citigroup affiliates were left holding the bag for a pair of fraud charges, according to a report from U.S. regulators. The U.S. Securities and Exchange Commission (SEC) came down on the New York-based investment bank for pooling investors' money into two funds that were "on the brink of disaster." Those funds, the ASTA/MAT fund and the Falcon fund, collectively raised nearly $3 billion in capital from roughly 4,000 investors. The funds, however, crumbled and eventually collapsed during the…Source: Morning Edition RSS Feed via http://www.bizjournals.com/memphis/blog/morning_call/2015/08/citigroup-pays-180m-to-settle-hedge-fund-failure.html?ana=RSS&s=article_search
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