The regulator also alleges that the lack of certain compliance controls resulted in Barclays committing various violations of federal laws that regulate investment advisors.
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Barclays Capital will pay $15 million over Securities and Exchange Commission charges that it failed to implement appropriate compliance controls after it acquired a portion of Lehman Brothers during the 2008 financial crisis. So reports Reuters.
The regulator also alleges that the lack of certain compliance controls resulted in Barclays committing various violations of federal laws that regulate investment advisors.