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Sunday, November 27, 2022

Barclays to Pay $200 Million SEC Fine Over Debt-Sale Snafu

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Barclays PLC agreed to pay a $200 million fine to settle Securities and Exchange Commission charges stemming from a flubbed debt sale earlier this year.

The British bank had registered with the SEC to sell up to $20.8 billion in securities but sold some $38.5 billion worth instead. The flub involved the sale of structured notes, or debt instruments linked to an underlying reference such as the S&P 500 index, and exchange-traded notes.



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