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Evening Standard
Evening Standard
Business
Bradley Gerrard

Barclays suffers $361m fine from US regulators over trading blunder

Barclays SEC United States

Barclays has agreed a $361m fine from the US Securities & Exchange Commission for a trading oversight errors that led it to sell more of a specific type of financial product than it was regulated to. (Tim Goode/PA)

(Picture: PA Wire)

Barclays has been fined $361 million (£327.3 million) by US regulators after it breached a limit on the sale of complex financial products.

The Securities & Exchange Commission said that the London-listed bank had sold $17.7 billion more structured products and exchange traded notes than it had secured regulatory permission for.

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