Selan v Citigroup - $550,505 MAT Three Award

In May 2010, a FINRA arbitration panel in Los Angeles, CA ordered Citigroup to pay Claimants $550,505 and costs over the sale of Citigroup's MAT Three leveraged municipal bond hedge fund. The award was made after a hearing wherein the Claimants alleged that Respondent breached contractual and fiduciary duties and negligently misrepresented MAT Three. Dr. McCann testified on behalf of the Claimants.

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Craig J. McCann