The regulator also alleges that the lack of certain compliance controls resulted in Barclays committing various violations of federal laws that regulate investment advisors.
Estimated reading time: 0 minutes, 19 seconds
Barclays Slapped with $15M Fine Stemming from Lehman Acquisition
Barclays Capital will pay $15 million over Securities and Exchange Commission charges that it failed to implement appropriate compliance controls after it acquired a portion of Lehman Brothers during the 2008 financial crisis. So reports Reuters.
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