Citibank Chinatown New York, United States
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Citigroup ex-Equity Sales Trader Cindy Lui Wins Hong Kong Tribunal Case for Unfair Dismissal in 2019 Without Notice & Payment-in-Lieu of Notice, Citigroup Fired Team of Hong Kong Traders in 2019, United States SEC Imposed $44.8 Million Fine in 2022 on Citigroup for Dishonest Behaviour by Misrepresenting Buyers Demand When Executing Stock Trades for Clients from 2008 to 2018

24th December 2024 | Hong Kong

Citigroup ex-equity sales trader Cindy Lui has won the Hong Kong Labour Tribunal case for unfair dismissal in 2019 without notice & payment-in-lieu of notice.  In 2019, Citigroup had fired a team of Hong Kong traders.  In 2022, the United States Securities & Futures Commission (SEC) had imposed a $44.8 million fine on Citigroup for dishonest behaviour by misrepresenting buyers demand when executing stock trades for clients from 2008 to 2018.   Cindy Lui was with Citigroup for 12 years, and lost $257,000 (HKD 2 million) in pension benefits & 2018 bonus.  After her dismissal in 2019, Cindy was unable to find roles in major investment banks with similar pay.  In her defence, Cindy Lui stated she did not deliberately misrepresent trades, and Citigroup group had provided limited guidance on such trading matters.  

“ Citigroup ex-Equity Sales Trader Cindy Lui Wins Hong Kong Tribunal Case for Unfair Dismissal in 2019 Without Notice & Payment-in-Lieu of Notice, Citigroup Fired Team of Hong Kong Traders in 2019, United States SEC Imposed $44.8 Million Fine in 2022 on Citigroup for Dishonest Behaviour by Misrepresenting Buyers Demand When Executing Stock Trades for Clients from 2008 to 2018 “

 



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Citigroup ex-Equity Sales Trader Cindy Lui Wins Hong Kong Tribunal Case for Unfair Dismissal in 2019 Without Notice & Payment-in-Lieu of Notice, Citigroup Fired Team of Hong Kong Traders in 2019, United States SEC Imposed $44.8 Million Fine in 2022 on Citigroup for Dishonest Behaviour by Misrepresenting Buyers Demand When Executing Stock Trades for Clients from 2008 to 2018

Citibank Chinatown New York, United States



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