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Citi Fair Fund

Administered by RCB Fund Services LLC

Welcome to the Citi Fair Fund Website

2024 Update:

The distribution of the Citigroup Global Markets Inc. Fair Fund is complete.  The Distribution Agent is taking steps to complete the wind up and termination of the Fair Fund very soon.

The United States Securities and Exchange Commission  (“SEC”) filed a complaint in the U.S. District Court for the Southern District of New York (the “Court”) against Citigroup Global Markets Inc. (“CGM”) alleging that it violated the antifraud provisions of the Securities Act of 1933 (Sections 17(a) (2) and (3)), by, among other things, making misrepresentations and omissions of material facts regarding the collateralized debt obligation (“CDO”) called Class V Funding III.  CGM consented to the entry of a Final Judgment that required it to pay $285 million. The Citigroup Global Markets Inc. Fair Fund (the “Citi Fair Fund”) was established May 23, 2017 by Court Order to distribute the disgorgement, prejudgment interest and a civil penalties paid by CGM.  The SEC brought a related administrative proceeding against Credit Suisse Alternative Capital, Inc. (“CSAC”) and a CSAC affiliate which resulted in the entry of an Order requiring CSAC and an affiliate to pay $2.55 million. These monies have been added to the Citi Fair Fund to be distributed to harmed investors. The Citi Fair Fund will be distributed, pursuant to the Fair Fund provisions of Section 308(a) of the Sarbanes-Oxley Act, to investors in the Class V Funding III CDO that were harmed by misrepresentations and omissions of material facts made in connection with the marketing of the transaction.  The Court appointed RCB Fund Services, LLC as the Distribution Agent for the Citi Fair Fund.

If you purchased an interest in the Class V Funding III CDO on or about February 28, 2007, you may be eligible for compensation from the Citi Fair Fund.

Questions regarding eligibility?

Please visit the FAQs for answers to the most commonly asked questions.

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