Barclays mortgage bond trader fired for allegedly providing inaccurate information to clients

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Providing incorrect information to the investing public and regulators. So generally speaking you’d have consumer banking separate from trading bonds and equity. John Reed, November 2009 13..

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Barclays Bank Pays $10.9 Million to Settle Charges of Insider Trading on Bankruptcy Creditor Committee Information Barclays’ Former Head Trader of Distressed Debt Also Pays $750,000 The Securities and Exchange Commission today filed a civil action against Barclays Bank PLC (Barclays) and Steven J. Landzberg (Landzberg), a former proprietary.

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Barclays says its headline profits are up 32% to £6.1bn and its underlying profits are 11% higher at £5.5bn. But these figures are calculated on the basis that a business that it sold in 2009, the.

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Barclays Capital fired one of its mortgage bond traders after he allegedly lied to clients about residential mortgage-backed securities trades. According to a report from Bloomberg (first reported by Asset-Backed Alert), Barclays terminated Yoon Seok Lee on Feb. 11 for "allegations involving certain inaccurate communications to customers during the negotiation of residential mortgage-backed securities trades."

If you know or suspect that you’re a victim of investment fraud, you should report it immediately to Action Fraud, either by calling 0300 123 2040 or online at Action Fraud. Unfortunately, in the majority of cases, Barclays won’t be able to recover the funds for you if you’ve paid money to a scam.