Barclays Capital Inc. has reached a settlement with the Financial Industry Regulatory Authority (FINRA), agreeing to a $150,000 fine for violating certain FINRA rules in a July 2021 initial public offering that raised $700 million. Barclays failed to resolve a conflict of interest when it returned 20% of its proceeds, $150 million, to its affiliate due to a lack of required safeguards like investment-grade securities or a qualified independent underwriter.