Barclays Capital Securities Disputes
The securities attorneys and investment attorneys at Weltz Law represent customers in their disputes with brokerage firms, such as Barclays Capital Inc. (Barclays). Many investors do not realize when their financial advisor engages in securities or investment broker misconduct, but there are steps that can be taken to recover losses. Our securities attorneys and investment attorneys can analyze your accounts and investments in order to determine if there was any wrongdoing in the handling of your accounts, which resulted in stock market losses. There are many different types of securities related misconduct including breach of fiduciary duty, failure to supervise, misrepresentation, and churning. Our analysis can reveal whether an investor has been a victim of misconduct including unsuitable investments, unauthorized trading, excessive trading, financial elder abuse or fraud. Barclays is affiliated with, under common control, or otherwise performs business under the company names Barclays Capital Fund Solutions, Barclays Securities Inc., Barclays Wealth, Barclays Wealth and Investment Management, and BZW Securities Inc. Barclays is a British multinational financial services company. Barclays has operations in retail, wholesale, and investment banking, wealth management, mortgage lending, and credit cards. Barclays operates in over 50 countries and territories and has around 48 million customers.
Barclays – By the Numbers
- CRD# 19714
- SEC# 8-41342
- 90 Regulatory Events
- 2 Civil Events
- Revenue: $25.19 billion – 2019
- Profit: #3.91 billion - 2019
- Total Assets: $1.33 trillion - 2019
- Employees: 85,000 - 2020
Barclays – In the News
FINRA v. Barclays Capital Inc., Respondent, AWC No. 2011026679201 – The Financial Industry Regulatory Authority (FINRA) fined Barclays Capital Inc. $3.75 million concerning allegations of systemic failures to preserve electronic records, emails, and instant messages in the manner required for a period of at least 10 years. Securities laws require that business-related electronic records be kept in non-rewritable, non-erasable format to prevent alteration. The Securities and Exchange Commission (SEC) has stated that these requirements are an essential part of the investor protection. FINRA found that from at least 2002 to 2012, Barclays failed to preserve many of its required electronic books and records. In the Matter of Barclays LIBOR – Barclays agreed to pay $450 million to resolve accusations that it had tried to manipulate rates to benefit the bank. Regulators say Barclays reported false figures that in some cases had influenced a benchmark for student loans, credit cards, and mortgages. Regulators alleged that big banks set certain rates to their own advantage to increase profits during the financial crisis and to lessen concerns that their financial health was in jeopardy. The benchmarks include the London interbank offered rate, or Libor, and the Euro interbank offered rate, or Euribor. In the Barclays case, regulators say they uncovered “pervasive” wrongdoing over a four-year period and was known by top employees of the firm including senior management and traders stationed in London, New York and Tokyo.
Retain an Experienced Securities Lawyer and Investment Lawyer
If you sustained losses because of Accelerated Capital and by your broker, it is crucial to engage an experienced securities attorneys and investment attorneys to represent you in your pursuit of the damages cause by Accelerated Capital. Weltz Law is a New York based law firm that regularly represents individuals and businesses in FINRA and AAA arbitration proceedings and litigation in state and federal courts in New York and throughout the country.
You can contact us through the online form or at (877) 905-7671 to set up a consultation regarding your case and to find out how the FINRA process works.