Orlando couple wins $3M award from Citigroup, one of largest in recent years

A federal regulatory panel has awarded more than $3 million to an Orlando couple in a case that accused banking giant Citigroup Global Markets Inc. and a former local broker of negligence in getting the couple to invest in ill-fated land deals.

The panel found the Citigroup unit liable for its broker’s actions and said the company must pay $3.1 million in compensatory and punitive damages and other costs, according documents released this week by the Financial Industry Regulatory Authority.