Barclays PLC and Barclays Bank agreed to pay $361 million to resolve allegations from the Securities and Exchange Commission (SEC) the bank failed to implement internal controls to track the sale of unregistered securities, leading to $17.7 billion worth of unregistered securities transactions over the course of nearly three years.

Aaron Nicodemus is the Editor-in-Chief of Compliance Week. He previously worked as a reporter for Bloomberg Law and as business editor at the Telegram & Gazette in Worcester, Mass. Email: aaron.nicodemus@complianceweek.com LinkedIn:...