May 01, 2017

Barclays Capital Inc., Yoon Seok Lee, David Wong

Trading and Pricing

SANCTION AMOUNT: $13,010,043

Defendants: Barclays Capital Inc.
Yoon Seok Lee, David Wong

Settled administrative proceeding based on charges that two former Barclays RMBS traders made false or misleading statements to customers and charged undisclosed, excessive mark-ups, for approximately $15.5 million in profits. False statements allegedly included the price at which Barclays had bought the securities; the amount of profit Barclays was making for facilitating the trades; and who owned the securities.

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