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NYSE Fines Citigroup, Wachovia, Schwab NEW YORK (Reuters) - The New York Stock Exchange said on Wednesday it fined a Citigroup Inc. (C.N: Quote, Profile, Research) unit $250,000 on charges that the firm did not adequately supervise a Miami employee who improperly executed trades for institutional clients. Citigroup Global Markets consented to the findings without admitting or denying guilt, and was censured in addition to being fined. Among other disciplinary actions taken by the NYSE, Charles Schwab Corp.'s (SCH.N: Quote, Profile, Research) Charles Schwab & Co. unit was fined $250,000 and censured for associating with 55 people who were disqualified. The NYSE said 46 of the people were independent contractors or temporary workers who provided services to the firm. Charles Schwab consented to the penalties without admitting or denying guilt. Wachovia Corp's (WB.N: Quote, Profile, Research) Wachovia Securities unit was censured and fined $250,000 for registration, reporting and sales practice deficiencies and supervisory violations. The firm consented without admitting or denying guilt.
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