SEC Punishes Barclays for having offered and sold approximately $17.7 billion of securities in unregistered transactions. Buyers of the “unregistered securities” right to demand Barclays buy back the products at the original price plus interest. Barclays sets 1.3 billion aside to cover the costs.

Sept 29 (Reuters) – British bank Barclays (BARC.L) agreed to a $361 million penalty over internal control failures related to the unregistered offer and sale of “an unprecedented amount” of securities, the U.S. Securities and Exchange Commission said on Thursday. https://www.reuters.com/business/finance/barclays-pay-sec-361-million-over-issuance-securities-2022-09-29/ h/t ringingbells

China punishes Evergrande Executives who knew about the situation, now time for the US to make the same with FED traders, I mean members.

  China punishes Evergrande Executives who knew about the situation, now time for the US to make the same with FED traders, I mean members. https://t.co/v7XCgRBp8K — GregTheAnalyst (@Analyst_G) September 18, 2021 https://twitter.com/RetirementRight/status/1439326147376865285 World’s Wealthiest Families Gained $312 Billion Over …

READ MORE