RX Ims Health, Inc.

   DOW JONES NEWSWIRES 
 

Citigroup Inc. (C) has paid a $130,000 fine to the state of Texas for failing to report complaints and arbitration claims against a sales agent who had a history of complaints.

The banking giant was reprimanded and fined for failing to comply with a 2007 agreement that required it to promptly notify the state securities board of any complaints or regulatory actions involving one of its Texas-registered agents.

The board said Citigroup failed to timely report three arbitration claims, one written complaint and one verbal complaint against the agent from January 2007 through February 2008.

In November, the state securities commissioner suspended Robert Wesley Stout of Arlington, Texas, for 30 days for failing to notify the commissioner about a disciplinary sanction and fine levied against him.

-By Kathy Shwiff, Dow Jones Newswires; 212-416-2357; Kathy.Shwiff@dowjones.com