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Barclays agrees to pay $200m to settle SEC charges over botched debt sale

Barclays had said in July the mistake was going to cost about £581m, or roughly $700m, including a $200m provision for a likely SEC fine

Barclays agreed to pay a $200m fine to settle Securities and Exchange Commission charges stemming from a flubbed debt sale earlier this year.

The British bank had registered with the SEC to sell up to $20.8bn in securities but sold some $38.5bn worth instead. The flub involved the sale of structured notes, or debt instruments linked to an underlying reference such as the S&P 500 index, and exchange-traded notes.

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