Barclays Capital Fined $3.75 Million for Unsupervised Mutual Funds Transactions

The Financial Industry Regulatory Authority (FINRA) recently announced it censured, fined Barclays Capital, Inc. (“Barclays Capital”) $3.75, and ordered the firm to pay approximately $10.00 in restitution to mutual fund customers from 2010 to June 2015. FINRA alleged Barclays Capital had inadequate supervisory systems and written supervisory procedures for supervising the sale ...Read the full article