Probe of Citigroup and Others Could Hit Financial ETFs

Citigroup’s (C) imminent charges could wind up packing a wallop for financial exchange traded funds (ETFs). New York Attorney General Andrew Cuomo has said he plans to charge the bank with fraudulently marketing and selling auction-rate securities, as well as destroying subpoenaed documents, report Joseph A. Giannone and Jonathan Stempel for Reuters. Cuomo has left open the [...]