Regulator says bank has failed to preserve order data, trade confirmations, account records and other information.

Barclays plc has been fined £2.28m by a US regulator over its alleged decade-long failure to properly keep electronic records, emails and instant messages.

The Financial Industry Regulatory Authority (Finra) said on Thursday that, from 2002 to April 2012, Barclays failed to preserve order data, trade confirmations, account records and other information in a format that prevented their alteration or erasure, known as “write-once, read-many” or “worm”.

Read more: The Guardian, December 28, 2013

 

 

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