Securities Lawyers Blog
Our law firm represents individual and institutional investors that have been mistreated by their brokers and brokerage firms, such as Barclays Capital Inc.. Many investors do not recognize broker misconduct in their accounts, and those that do are often hesitant to seek help. Broker misconduct spans many issues that violate industry rules, including unauthorized trading, breach of fiduciary duty, unsuitable asset allocation, and churning. The attorneys at Gana Weinstein LLP can analyze your accounts and investments to determine if there was misconduct in the handling of your account.
Barclays Capital Inc. is the U.S. broker-dealer of Barclays, underwriting and dealing in corporate, municipal, government, and asset-backed securities, trading listed options and futures, and providing prime brokerage, clearance, and financing services. Headquartered in New York with branch offices in cities including Atlanta, Boston, Chicago, Houston, Los Angeles, and San Francisco, the firm serves money managers, insurers, pension and hedge funds, corporations, governments, and central banks.
Barclays Capital Inc. – By the Numbers:
- CRD #: 19714
- Regulatory Events: 171
- Broker Employees: 2,616
Barclays Capital Inc. – In the News:
FINRA v. Barclays Capital Inc. (Case #2022075734201) – Between December 1, 2020 and May 23, 2022, Barclays effected 25,711 short sale orders without locating securities available to borrow, in violation of Rule 203(b)(1) of Regulation SHO of the Securities Exchange Act of 1934 and FINRA Rule 2010. Between December 2020 and September 2023, Barclays violated FINRA Rules 3110(a) and 2010 by failing to establish and maintain a supervisory system reasonably designed to achieve compliance with the locate requirements of Rule 203(b)(1) of Regulation SHO. For these violations, Barclays is censured and fined $140,000.
FINRA v. Barclays Capital Inc. (Case #2023078671001) – From July 2021 through June 2022, Barclays Capital Inc. failed to establish and maintain a supervisory system, including written supervisory procedures (WSPs), reasonably designed to supervise employee outside brokerage accounts. As a result, the firm failed to timely collect and review employee outside brokerage account statements for prohibited trading activity in violation of FINRA Rules 3110 and 2010. For this conduct, Barclays is censured and fined $325,000.
FINRA v. Barclays Capital Inc. (Case #2022073415002) – In July 2021, Barclays served as an underwriter for an initial public offering in which it had a conflict of interest, but a qualified independent underwriter (QIU) did not participate in the preparation of the registration statement and prospectus and exercise the usual standards of due diligence. As a result, the firm violated FINRA Rules 5121 and 2010.
FINRA v. Barclays Capital Inc. (Case #2021072379301) – From at least January 2011 to April 2025, Barclays failed to establish and maintain a supervisory system, including written supervisory procedures (WSPs), reasonably designed to monitor for layering and spoofing of U.S. equity and index options (options) in violation of NASD Rule 3010, and FINRA Rules 3110 and 2010. From July 2011 to April 2025, Barclays failed to establish, document, and maintain reasonably designed post-trade regulatory risk management controls regarding layering and spoofing of options in violation of Section 15(c)(3) of the Securities Exchange Act of 1934 (the Exchange Act) and Rule 15c3-5 and FINRA Rule 2010. From December 2019 to November 2021, Barclays failed to establish and maintain a supervisory system reasonably designed to monitor for layering and spoofing of equities as relating to activity on certain exchanges in violation of FINRA Rules 3110 and 2010.
FINRA v. Barclays Capital Inc. (Case #2020065101601) – Between at least January 2020 and April 2021, Barclays violated FINRA Rules 3110(a) and (b) and 2010 by failing to establish and maintain a supervisory system, including written supervisory procedures, reasonably designed to achieve compliance with rules relating to net capital set forth in the Securities Exchange Act of 1934. Between January 2020 and April 2021, Barclays filed 16 Financial and Operational Combined Uniform Single (“FOCUS”) Reports with inaccurate net capital figures, in violation of Section 17(a) of the Exchange Act, Exchange Act Rule 17a-5, and FINRA Rule 2010. Between January 2020 and April 2021, Barclays maintained inaccurate books and records relating to net capital, in violation of Section 17(a) of the Exchange Act, Exchange Act Rule 17a-3, and FINRA Rules 4511 and 2010.
Gana Weinstein LLP has successfully litigated broker disputes through verdict or settlement. We represent both individuals and institutions throughout the country in FINRA arbitration, as well as commercial litigation in state and federal courts. Our consultations are both free and thorough and our securities litigation attorneys can help you uncover wrongful activity in your account.