WSJ – Citigroup Inc. C -0.44% is no longer a “bad actor” in the eyes of U.S. securities regulators. The Securities and Exchange Commission quietly granted the bank waivers on restrictions that crimped a range of its activities, including selling investments in hedge funds to individuals, following a recent securities-fraud settlement.
The SEC, which in August completed a $285 million settlement with Citigroup over allegations related to complex debt instruments, granted the waivers late Friday, according to notices on its website.
