The Spanish stock market regulator has fined the Spanish arm of Barclays £482,000 for under-rating the risk of bonds it sold to clients in 2008.
According to Reuters, the fine relates to four structured bonds sold by the bank between January and March 2008. These bonds were sold with a medium-to-low risk profile instead of a high risk profile.
The face value of the bonds affected was £13.3m.
The regulator started the investigation in 2011 and the bank offered to compensate those affected in July 2010.
A Barclays spokesman says: “Barclays has fully collaborated with the supervisory authorities and has been completely transparent throughout the process.”