Richard C. Casey, a Manhattan federal judge, has denied a motion to dismiss any allegations in regards to two
Citigroup settled the charges last year by paying $208 million in restitution to Citigroup mutual fund customers who were affected by the transfer agency arrangements.
When settling, Citigroup denied any wrongdoing.
The
The SEC complaint alleges that the asset management division of Citigroup took the discounts from using an allied transfer agent system, rather than passing the savings to the mutual funds and their customers.
