Barclays fined $800,000 over US data violations

Wall Street’s self-funded watchdog has fined a unit of Barclays $800,000 (€735,000) for violations related to how the bank reported stock trades over a period of more than two years.

The violations hampered the regulator’s ability to monitor the market properly.

The Financial Industry Regulatory Authority said Barclays Capital did not properly update its electronic systems to comply with regulations from August 2009 that required that executing brokers report trades, as well as the name of the executing parties of the trades, to FINRA.