Barclays pays $200 million in fines for selling Snafu . debt

Barclays PLC has agreed to pay a $200 million fine to settle Securities and Exchange Commission charges stemming from a failed debt sale earlier this year.

Bank of England registered with SEC to sell up to $20.8 billion in securities but instead sold about $38.5 billion. This sale involves 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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