The Securities and Exchange Commission tried to defend its offered $75 million settlement with Citigroup after expressions of frustration and skepticism by U.S. District Judge Ellen Segal Huvelle, according to Kara Scannell’s recent Wall Street Journal article entitled: “Regulators Defend Citi Settlement.” Judge Huvelle reportedly told the parties: “I look at this and say, ‘Why would I find this fair and reasonable?’ You expect the court to rubber-stamp, but we can’t.” The judge may approve or disapprove the agreement.