Senate Democrats seek probe of SEC comments to Citigroup on guns

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Commissioner of the U.S. Securities and Exchange Commission Piwowar speaks at the Milken Institute 21st Worldwide Seminar in Beverly Hills

Citigroup (NYSE:-RRB- in March added limits on firearms earnings for brand new retail-sector clients after having a mass school-shooting in Parkland, Florida, drawing on the ire of their U.S. gun lobby.

“Recent news reports imply that the Commissioner’castigated them for straying into social coverage’ even though’glowering and speaking emphatically’ about firearms,” the senators stated in the correspondence.

“Most concerning are reviews that Commissioner Piwowar given a’thinly veiled hazard’ by implying that the Commission would withhold assistance for Citigroup’s regulatory request due to the company’s unrelated and entirely lawful company clinics concerning firearms”

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