Two Mexican foreign exchange traders, Eduardo and Gervasio Negrete, are suing Citigroup illegally marked up spot foreign currency orders without disclosing the markups. They are alleging the bank made $20 million on the transactions. Citibank allegedly added an undisclosed markup of one to three points per transaction. The bank also misrepresented trades and made undisclosed profits on trades that were executed between 2007 and 2010. If you invested money with Citibank, you may be able to recover some of your investment losses by calling our securities law firm at 312-332-4200. We sue firms such as Citibank in the Financial Industry Regulatory Authority (FINRA) arbitration process. The call is free with no obligation. We take cases on a contingency fee basis only so we only get paid if you recover money.
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