Smith Barney Consultant Fired for Three-Minute-Late Order Ticket Gets $3.6M

A Smith Barney financial consultant in Miami who was fired for turning in an order ticket three minutes late has won a $3.6 million arbitration award, including rare punitive damages. A National Association of Securities Dealers panel held that Citigroup Global Markets Inc., which owns Smith Barney, breached industry customs and practices, engaged in unfair competition and did not provide Juan Miguel Garcia with adequate management assistance.

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