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US regulator fines Barclays $3.75m for failure to keep records

The US Financial Industry Regulatory Authority (Finra) has fined British lender Barclays $3.75m for allegedly failing to keep proper electronic records, emails and instant messages, BBC has reported. Barclays failed to preserve data detailing its orders, confirmation of trades, records of accounts and other information, according to the regulator. Last July, the bank was fined $435m by the Federal Energy Regulatory Commission for allegedly rigging US energy markets.