An arbitration panel has ordered Citigroup to pay $24 million to a team of financial advisors formerly employed by the firm following their claims that they were not compensated fairly for transactions involving a long-term institutional client.

Financial advisors and brothers James Bryan Minchello and Robert Vincent Minchello, along with their administrator Martha Jane Sullivan, filed their claim with the Financial Industry Regulatory Authority (FINRA) involving compensation for transactions involving one of their institutional clients.

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