The Traderszone Network

Published in TZ Latest News 16 July, 2015 by The TZ Newswire Staff

Barclays to pay $800,000 fine for U.S. data reporting errors

Wall Street’s self-funded watchdog fined a unit of Barclays PLC $800,000 for violations related to how the bank reported stock trades over a more than two-year period, hampering the regulator’s ability to properly monitor the market. The Financial Industry Regulatory Authority said late Wednesday that Barclays Capital did not properly update its electronic systems to comply with regulations from August 2009 that required that executing brokers report trades, as well as the name of the executing parties of the trades, to FINRA. As a result, between Aug. 3, 2009 and Dec.

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