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William Galvin, the state's Secretary of the Commonwealth, said the bank's Citigroup Global Markets Group violated state securities laws when one of its top analysts failed to supervise a junior colleague who emailed confidential information about the bank's views on financials for Facebook. Facebook, which went public on May 18, made the biggest technology company IPO ever and was heavily touted on Wall Street, but the stock flopped after its listing. Citigroup said the bank is happy that the matter is resolved, adding: "We take our internal policies and procedures very seriously and have taken the appropriate action." (Reporting By Svea Herbst-Bayliss and David Henry; Editing by Gerald E. McCormick) Investing Simplified Tech Facebook Regulatory News Breakingviews Related Quotes and News Company Price Related News Tweet this Link this Share this Digg this Email Reprints We welcome comments that advance the story through relevant opinion, anecdotes, links and data. 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