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


Barclays PLC agreed to pay a $200 million effective to settle Securities and Exchange Commission costs stemming from a flubbed debt sale earlier this yr.

The British financial institution had registered with the SEC to promote up to $20.8 billion in securities however sold some $38.5 billion worth instead. The flub concerned the sale of structured notes, or debt devices linked to an underlying reference such because the S&P 500 index, and exchange-traded notes.

Source: www.wsj.com


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