Defendant Name:
Barclays Capital Inc.
Defendant Type:
Subsidiary of Public Company
Public Company Parent:
Barclays PLC
SIC Code:
6029
CUSIP:
06738E20
Document Reference:
33-10355
Document Details
Legal Case Name
In the Matter of Barclays Capital, Inc.
Document Name
Order Instituting Administrative and Cease-and-Desist Proceedings, Pursuant to Section 8a of the Securities Act Of 1933, Section 15(B) of the Securities Exchange Act of 1934, and Sections 203(E) And 203(K) of the Investment Advisers Act Of 1940, Making Findings, and Imposing Remedial Sanctions and a Cease- and-Desist Order
Document Date
10-May-2017
Document Format
Administrative Proceeding
Allegation Type
Investment Advisers/Investment Companies
Document Summary
According to the SEC: "From September 2010 through December 2015, Barclays Capital, then a dually-registered investment adviser and broker-dealer, improperly charged certain advisory clients of its wealth and investment management business, overcharging them almost $50 million in advisory fees."
Disgorgement & Penalty Information
Resolutions
Cease and Desist Order
Censured
Other Compliance Related Undertaking
Cooperation Before the Resolution
Fair Funds
Monetary Penalties:
Disgorgement
Individual:
$49,785,417.00
Shared:
Civil Penalty
Individual:
$30,000,000.00
Shared:
Pre-Judgment Interest
Individual:
$13,752,242.00
Shared:
Total Penalty
Individual:
$93,537,659.00
Shared: