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Barclays hit with $3m fine by US regulator
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by Sarah Miloudi on Dec 23, 2011 at 09:34
Barclays has been fined $3 million by the US Financial Industry Regulatory Authority (Finra) over failures in its investment banking division related to residential sub-prime mortgage-backed securitisations.
Finra said the bank misrepresented performance data to investors for three subprime mortgage securitisations it underwrote and sold between March 2007 and December 2010.
It added that Barclays Capital did not maintain an adequate system of updating disclosures.
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2 comments so far. Why not have your say?
Ethical Investor
Dec 23, 2011 at 10:17
Any sign that Bob D is giving back some of his bonus for supervising such mis-selling?
I thought not.
report thisReg
Dec 23, 2011 at 10:50
I bet Bob could cover the Fine from the loose change down the back of his sofa
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