DealBook – Finra Fines Barclays $3.75 Million Over Record Retention – 27 December 2013


The Financial Industry Regulatory Authority said on Thursday that it fined Barclays Capital $3.75 million over its failure to properly retain records.

The group, the self-regulatory arm of the brokerage industry, said Barclays failed to properly keep about 3.3 million Bloomberg instant messages from October 2008 to May 2010. The group also said that the firm failed to properly retain certain attachments to Bloomberg emails from May 2007 to May 2010.

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