The Financial Industry Regulatory Authority (FINRA) has fined Citigroup Global Markets $3.5 million for posting inaccurate mortgage performance data, supervisory failures and other violations connected to subprime RMBS.

RMBS issuers are required to disclose historical performance data for previous deals that have mortgage loans similar to those in the RMBS being offered to buyers. Historical data on mortgage performance is key for investors to assesss the RMBS's value and to know if future returns might be disrupted by mortgage holders' failures to make loan payments.

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