Barclays to pay SEC $200m fine over Snafu debt sale

Barclays PLC has agreed to pay a $200 million fine to settle Securities and Exchange Commission charges stemming from a failed debt sale earlier this year.

The British bank had registered with the SEC to sell up to $20.8 billion in securities, but sold for $38.5 billion instead. The flub involved the sale of structured notes or debt instruments linked to an underlying benchmark such as the S&P 500 index and exchange-traded notes.


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