Mark mahaney citigroup inc

Citigroup Inc. fired Mark Mahaney, a senior technology analyst, according to a person with direct knowledge of the matter, as it settled a separate regulatory claim that a junior analyst disclosed confidential information before Facebook Inc.’s (FB) stock sale.

Mahaney, 46, wasn’t ousted because of the Facebook case, said the person, who asked not to be identified because the move was private.

Analyst Fired in Latest Facebook IPO Scandal | WIRED

The analyst declined to comment when reached by mobile phone.

com seeking feedback on a Facebook document that contained a senior analyst’s view of investment risks and revenue estimates, Massachusetts Secretary of the Commonwealth William F. Galvin said Friday in a statement. As a part of Facebook’s underwriting syndicate, Citigroup Global Markets was barred from disseminating research until 40 days after the initial public offering, according to the statement.

“This penalty should serve as a warning to the industry as a whole,” Galvin said in the statement.

“It is essential in these times Tech Analyst Fired By Citi Over Google-Facebook ... - Forbes HOH