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Miss C Turner v Barclays UK plc Employment Tribunal Decision

Employment Tribunal issued a judgment in Miss C Turner v Barclays UK plc (6016917/2025) on 16 January 2026, with published jurisdiction codes covering Disability Discrimination, Unfair Dismissal, Unlawful Deduction from Wages, and Working Time Regulations. The full decision is available in the linked PDF from the UK Government Publishing Service.

Chancellor Rallies Retail Banks Behind Her Economic Plan

Chancellor Rachel Reeves met on 22 April 2026 with CEOs of Barclays UK, Lloyds Banking Group, Santander UK, NatWest Group, Nationwide Building Society, and HSBC UK to discuss the government's economic plan. The meeting, held during Fintech Week 2026, addressed global uncertainty following the Middle East conflict and highlighted the financial services sector's role in managing risk and supporting households. Ministers also discussed the Financial Services Growth and Competitiveness Strategy, including Targeted Support for retail investment, skills reforms, and major pensions reform via the Pensions Bill.

FCA Selects Eight Firms for Second AI Live Testing Cohort

The FCA has announced the second cohort of its AI Live Testing programme, selecting eight firms including Barclays, Experian, Lloyds Banking Group (Scottish Widows), and UBS to live test AI applications in financial services. The initiative, conducted with technical partner Advai, covers use cases including AI-enabled investment support, credit score insights, agentic payments, AML detection, and KYC. Testing will conclude by end of 2026, with an evaluation report published in Q1 2027. The FCA will also publish a good and poor practice report for AI in financial services later in 2026.

Second Circuit: Reverse Splits Not Securities Sales

The Second Circuit affirmed the district court's dismissal of Securities Act claims in Knapp v. Barclays PLC, holding that a 4:1 reverse split of exchange-traded notes did not constitute a statutory "sale" under Section 12 of the Securities Act of 1933, and that a supplemental pricing statement was not sufficiently traceable to establish Section 11 liability. The court found that garden-variety reverse splits merely recast the number of securities held and do not bring about the significant changes in investment nature or risk required to qualify as a sale.

Knapp v. Barclays - Securities Act of 1933 Claims

The Second Circuit affirmed a lower court's dismissal of claims against Barclays related to exchange-traded notes (ETNs). The court ruled that a reverse split of ETNs did not constitute a 'sale' under the Securities Act of 1933, and investors failed to trace their post-split ETNs to a specific registration statement, thus barring claims under Sections 11 and 12 of the Act.

Knapp v. Barclays - Securities Act of 1933 Claims

The Second Circuit Court of Appeals affirmed a district court's dismissal of claims against Barclays PLC and its executives under the Securities Act of 1933. The court found that a reverse stock split of exchange-traded notes did not constitute a "sale" under Section 12, and investors failed to trace their post-split notes to a specific registration statement for Section 11 claims.

Knapp v. Barclays - Securities Act of 1933 Decision

The Second Circuit Court of Appeals affirmed a district court's dismissal of claims against Barclays related to exchange-traded notes (ETNs). The court found that a reverse split of ETNs did not constitute a "sale" under the Securities Act of 1933, and investors failed to trace their post-split ETNs to a specific registration statement, thus affirming the dismissal of claims under Sections 11 and 12 of the Act.

Knapp v. Barclays - Securities Act of 1933 Claims

The Second Circuit affirmed a district court's dismissal of claims against Barclays under the Securities Act of 1933. The court found that a reverse stock split of exchange-traded notes did not constitute a 'sale' under Section 12, and investors failed to trace their notes to a specific registration statement for Section 11 claims.

Knapp v Barclays - Securities Act of 1933 Claims

The Second Circuit Court of Appeals affirmed a district court's dismissal of claims against Barclays PLC and its executives. The court ruled that a reverse stock split of exchange-traded notes (ETNs) did not constitute a 'sale' under the Securities Act of 1933, and investors failed to trace their post-split ETNs to a specific registration statement, thus upholding the dismissal of claims under Sections 11 and 12 of the Act.

BaFin Imposes Administrative Fine on Barclays PLC

BaFin has imposed an administrative fine of €1,650,000 on Barclays PLC for breaching supervisory duties related to violations of the German Securities Trading Act. The company failed to submit 26 voting rights notifications within the prescribed period between June 2022 and March 2023.

BaFin Fines Barclays PLC €1,650,000 for Securities Trading Law Breach

BaFin has imposed an administrative fine of €1,650,000 on Barclays PLC for failing to submit voting rights notifications within the prescribed period. This action stems from a breach of German securities trading laws.

BaFin Fines Barclays PLC €1,650,000 for Violations

BaFin has imposed a fine of €1,650,000 on Barclays PLC for violations of German securities trading laws. The penalty stems from the company's failure to submit timely voting rights notifications. Barclays PLC has the right to appeal the decision.

Second Circuit Affirms Dismissal of Securities Claims Arising from Reverse Split of ETNs

The Second Circuit Court of Appeals issued a per curiam opinion in Knapp v. Barclays PLC affirming the dismissal of a securities class action concerning a 4:1 reverse split of exchange-traded notes. The Court held that the reverse split did not constitute an unregistered "sale" under Section 12(a)(1) because it did not meaningfully change the nature of plaintiffs' investment or investment risks. The Court also rejected plaintiffs' Section 11 claim for failure to identify a registration statement covering post-split notes.

Knapp v. Barclays PLC - Reverse Split Not a Securities Sale

The Second Circuit in Knapp v. Barclays PLC held that Barclays' mandatory 4:1 reverse split of VXX ETNs did not constitute a 'sale' under Section 12(a)(1) of the Securities Act of 1933. The court also held that plaintiffs failed to satisfy the tracing requirement for a Section 11 claim. The decision establishes that mechanical corporate actions require functional analysis of whether there is significant change in the nature of the investment to constitute a new securities transaction.

Gorokhovskiy v. Barclays Bank Delaware - Appeal of Default Judgment

The Delaware Superior Court affirmed a default judgment against Viktor Gorokhovskiy in favor of Barclays Bank Delaware. Gorokhovskiy appealed the default judgment, alleging insufficient service of process and bias, but the court found no reversible error.

FINRA Fines Five Firms $585,000 for Reporting and Supervisory Violations

FINRA announced disciplinary actions against five firms in February 2026, imposing fines totaling $585,000. The actions address violations related to trade reporting accuracy, customer trade confirmations, and supervisory systems for employee outside brokerage accounts.