Share Name Share Symbol Market Type Share ISIN Share Description
Barclays Plc LSE:BARC London Ordinary Share GB0031348658 ORD 25P
  Price Change % Change Share Price Bid Price Offer Price High Price Low Price Open Price Shares Traded Last Trade
  10.62 6.18% 182.48 182.72 182.86 187.50 182.54 185.00 183,046,871 16:35:06
Industry Sector Turnover (m) Profit (m) EPS - Basic PE Ratio Market Cap (m)
Banks 21,136.0 3,494.0 9.4 19.4 31,465

Barclays PLC Settles With SEC for $6.3M on FCPA Case

27/09/2019 9:08pm

Dow Jones News


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   By Allison Prang 
 

Barclays PLC settled with the Securities and Exchange Commission over charges that the company's Asia Pacific region tried to influence foreign government officials by hiring their relatives and friends and therefore violated the Foreign Corrupt Practices Act, the SEC said.

The regulator said the company tried to lure or keep business by giving government officials' associates, relatives and friends "valuable employment." The SEC also said the company "falsified corporate records to conceal the true source of the candidates and the reasons for hiring them."

Barclays has agreed to pay the SEC about $3.8 million in disgorgement, a $1.5 million civil penalty and $984,040 in prejudgement interest, the SEC said. It isn't admitting to or denying the SEC's conclusions, the regulator said.

 

Write to Allison Prang at allison.prang@wsj.com

 

(END) Dow Jones Newswires

September 27, 2019 15:53 ET (19:53 GMT)

Copyright (c) 2019 Dow Jones & Company, Inc.

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