WASHINGTON, Sept 23 (Reuters) - A unit of Barclays will pay $15 million to settle charges alleging it failed tomaintain an adequate internal compliance system after itsacquisition of part of Lehman Brothers during the 2008 financialcrisis, U.S. regulators said Tuesday.
The Securities and Exchange Commission said Barclays Capitalwill also be required to undertake certain remedial steps,including hiring an independent compliance consultant.
The SEC said Barclays failed to enhance its complianceprogram after it bought Lehman's advisory business followingLehman's collapse. The shortcomings in its compliance program,the SEC said, led Barclays to commit a variety of otherviolations of federal laws governing investment advisers. (Reporting by Sarah N. Lynch; Editing by Doina Chiacu)