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.

More: LATimes.com

Truth-Out - 12/26/13, Mark Karlin
 

(Photo: SEIU International)
 

Providing additional evidence that the Obama Administration's Department of Justice (DOJ) is protecting "banks too big to fail," Pulitzer Prize winning financial reporter David Cay Johnston has revealed that the DOJ has refused to force JPMorgan Chase to comply with an ongoing investigation into the bank's possible knowledge of Bernard Madoff's fraud scheme of a few years ago.

The information obtained might reveal that the bank chose to financially benefit from criminal activity.

Source: Clerical Whispers - 12/27/13, Dr. Jonathan Levy