Class Action Lawsuit Filed Against Barclays Claims the Bank Sold Unregistered Securities to Customers

A pair of Barclays customers are suing the bank, claiming they were sold unregistered securities and that the company won’t give them their money back after it was caught out.

Plaintiffs Ruth C. May and Donna E. Ledgerwood filed the class action lawsuit against Barclays PLC on March 28 in a New York federal court, alleging violations of the Securities Act.

According to the lawsuit, both of the investors bought thousands of dollars’ worth of unsecured debt securities called exchange traded notes (ETNs) from their IRA accounts.

Read the source article at topclassactions.com