CFTC Files, Simultaneously Settles Charges Against Barclays; Orders Barclays to Pay $4M For Swap Reporting Violations
Portfolio Pulse from Benzinga Newsdesk
The Commodity Futures Trading Commission (CFTC) has filed and simultaneously settled charges against Barclays for swap reporting violations. Barclays has been ordered to pay a $4 million penalty.
October 01, 2024 | 2:27 pm
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Barclays has been charged by the CFTC for swap reporting violations and has agreed to pay a $4 million penalty.
The CFTC's charges and the $4 million penalty could negatively impact Barclays' stock price in the short term due to potential reputational damage and financial implications.
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