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Violation Tracker UK Individual Case

Company: Barclays Bank plc
Current Parent CompanyBarclays
Parent at the Time of the Penalty Announcement: Barclays
Penalty: £7,700,000
Year: 2011
Date: 14 January, 2011
Offence Group: financial offences
Offence Type: investor protection violation
Violation Description: Barclays paid a £7.7 million fine in settlement of a finding by the FSA that the company failed to ensure that suitability of its investment advice to customers when selling Aviva's Global Balanced Income Fund and Global Cautious Income Fund.
Action Type: agency action
Settlement Type: settlement of FSA Decision
Agency: Financial Services Authority
HQ Country of Parent: United Kingdom
Ownership Structure of Parent: publicly traded
Major Industry of Parent: financial services
Specific Industry of Parent: banking
Source of Data(click here)