The SEC considered charging at least six individuals in a 2010 case against Citigroup tied to the financial crisis, but ultimately decided to charge just two, according to an internal watchdog report.  Wells notices were issued to six individuals but ultimately the regulator charged only the bank's chief financial officer and its director of investor relations. In the watchdog report, most of the section dealing with why only two individuals were charged is redacted. However, the report, released by the SEC, does provide unusual details about the negotiations that resulted in the charges against the two individuals, and provides some insight into Citigroup's maneuvering to protect its employees. Charges against the two executives -- particularly then-CFO Gary Crittenden -- came only after extensive communication, and some miscommunication, between the SEC and the bank's defense team. By September 2009, Citigroup agreed to pay a penalty and accept a fraud charge against the bank that did not include admitting knowledge of or intent to commit wrongdoing. A Citigroup spokeswoman did not immediately respond to a request for comment on the report.  For more info, go to [Reuters, 11/18/11]