Los Angeles Times - 12/26/13, Ricardo Lopez
 

The Financial Industry Regulatory Authority fined Barclays Capital $3.75 million over poor record retention practices, the regulator said Thursday. Above, a man walks past a a Barclays Bank branch in London earlier this month.
(Lefteris Pitarakis / Associated Press / December 4, 2013)

The Financial Industry Regulatory Authority on Thursday said it fined Barclays Capital Inc. almost $4 million for what it called "systemic failures" in records retention.

FINRA, the largest independent regulator for securities firms doing business in the U.S., fined the London-based bank $3.75 million after an investigation found that the firm failed to preserve electronic records, emails and instant messages for the required minimum time of 10 years.

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