It is rather ironic that Barclays PLC (ADR) (NYSE:BCS) (LON:BARC) CEO Antony Jenkins, ushered in to clean up Barclays in the wake of the Libor and other market rigging scandals, finds himself in what can be considered one of the more brazen scandals involving charges of fraud in the firms history. Barclays PLC director’s refusal to participate in a plan to falsify information If the government’s allegations are true, consider that the firing of a company director for refusal to participate in a plan to falsify information to investors should have sent shockwaves through Barclays management. In smaller brokerage operations…
Was Barclays PLC CEO, Compliance Aware of Fraud Firing?
Mark Melin
Mark Melin is an alternative investment practitioner whose specialty is recognizing the impact of beta market environment on a technical trading strategy. A portfolio and industry consultant, wrote or edited three books including High Performance Managed Futures (Wiley 2010) and The Chicago Board of Trade’s Handbook of Futures and Options (McGraw-Hill 2008) and taught a course at Northwestern University's executive education program.