Violation Tracker Individual Record
: Barclays Capital, Inc.
Current Parent Company
Parent at the Time of the Penalty AnnouncementPenalty
to see this data field
: December 29, 2015
: financial offenses
: investor protection violation
: financial institution supervision failures
: The Financial Industry Regulatory Authoritys ordered Barclays Capital, Inc. to pay more than $10 million in restitution, including interest, to affected customers for mutual fund-related suitability violations. These suitability violations related to an array of mutual fund transactions including mutual fund switches. Additionally, the firm failed to provide applicable breakpoint discounts to certain customers. Barclays was also censured and fined $3.75 million.
Level of Government
: agency action
: Financial Industry Regulatory Authority
Civil or Criminal Case
HQ Country of Current Parent
: United Kingdom
Ownership Structure of Current Parent
: publicly traded
Major Industry of Current Parent
: financial services
Specific Industry of Current Parent
Source of Data
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Current parent company note
: Parent-subsidiary relationship is current as of the most recent revision listed in the Update Log