The US Securities and Exchange Commission (SEC) said it has imposed fines to financial service corporations Morgan Stanley Smith Barney and Citigroup Global Markets in the amount of $2.96 million each to settle charges concerning their partaking in a forex trading program that misled investors. “Citigroup and Morgan Stanley sold securities in a complex trading program without giving certain investors important information about the risks and costs of the program,” said Eric I. Bustillo, director of the SEC’s Miami regional office. “Investors simply cannot be sold investments based on disclosures that are inaccurate or incomplete,” he noted.