Defendant Name:
Barclays Capital Inc.
Defendant Type:
Subsidiary of Public Company
Public Company Parent:
Barclays PLC
SIC Code:
6029
CUSIP:
06738E20
Document Reference:
34-95919
Document Details
Legal Case Name
In the Matter of Barclays Capital Inc.
Document Name
Order Instituting Administrative and Cease-and-Desist Proceedings Pursuant to Sections 15(b) and 21C of the Securities Exchange Act of 1934, Making Findings, and Imposing Remedial Sanctions and a Cease-and-Desist Order
Document Date
27-Sep-2022
Document Format
Administrative Proceeding
Allegation Type
Broker Dealer
Document Summary
On September 27, 2022, the SEC instituted settled administrative and cease-and-desist proceedings against Barclays Capital Inc., stating: "From at least January 2018 to September 2021, Barclays employees sent and
received off-channel communications that related to the business of the broker-dealer operated
by Barclays. Respondent did not maintain or preserve the substantial majority of these written
communications. Barclays' failure was firm-wide and involved employees at all levels of
authority of the broker-dealer. As a result, Barclays violated Section 17(a) of the Exchange Act
and Rule 17a-4(b)(4) thereunder."
Disgorgement & Penalty Information
Resolutions
Cease and Desist Order
Censured
Compliance Related Independent Consultant
Various undertakings
Cooperation Before the Resolution
Remedial Acts or Efforts Before the Resolution
Monetary Penalties:
Civil Penalty
Individual:
$125,000,000.00
Shared:
