SEC Waives 'Bad Actor' Restrictions on Citigroup.

The article discusses the lifting of restrictions on the bank Citigroup by the U.S. Securities & Exchange Commission (SEC), focusing on Citigroup's renewed ability to sell investments in hedge funds and private equity funds. Other topics include a settlement between the SEC and Citigroup, Citigroup's status as a well known seasoned issuer, and the opinions of commissioner Kara Stein on the SEC's policies towards large financial institutions.