The Financial Industry Regulatory Authority fined Barclays Capital $3 million Thursday for allegedly� misrepresenting delinquency data on residential subprime mortgage securitizations issued by the bank.
Barclays declined to comment on the fine.
FINRA released a statement saying as an issuer of subprime RMBS, Barclays is required to disclose the performance of past securitizations that hold mortgages similar [...]
Source: http://feedproxy.google.com/~r/housingwire/uOVI/~3/GK9QtKWI-m8/finra-fines-barclays-3m-for-subprime-mbs-misrepresentations
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