Barclays Will Pay $97 Million for Overcharging Clients

The SEC today said that Barclays (BCS) - Get Report is required to pay $97 million to refund advisory fees or mutual fund sales charges to clients who were overcharged.

The agency said that the London-based bank agreed to settle three sets of violations that led to clients being over-billed by nearly $50 million.

Read The Full Story Here: Barclays Ordered to Pay $97 Million for Overcharging Clients

This article was written by a staff member of TheStreet.