Barclays Faces SEC Probe Into Sales of Property-Backed Bonds
- U.S. watchdog examines bank’s lending and marketing practices
- Probe started after ex-trader raised concerns over debt deal
Photographer: Luke MacGregor/Bloomberg
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U.S. regulators are investigating whether Barclays Plc violated securities laws after a former trader at the firm raised concerns about its marketing practices for certain bonds, according to legal filings.
From September 2018 until this June, Barclays provided documents to the Securities and Exchange Commission in response to the agency’s probe, according to legal paperwork seen by Bloomberg News. The examination is preliminary and may not lead to any allegations of wrongdoing, said a person with knowledge of the matter who asked not to be named because the SEC review isn’t public.