Barclays pays SEC $6.3m to settle Asian hiring case

Pedro Gonçalves
Barclays pays SEC $6.3m to settle Asian hiring case

Barclays has agreed to pay the SEC $6.3m to settle offenses related to the hiring of relatives of public officials in Asia to help win or retain investment banking business.  The settlement includes a $1.5m civil fine and $4.8m of disgorgement and interest, according to the US Securities and Exchange Commission (SEC) which highlighted its alleged hiring activities in China, Hong Kong and South Korea.  According to the SEC, Barclays hired 117 people between April 2009 and August 2013 who...

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