Barclays mortgage bond trader fired for allegedly lying to clients

Barclays Capital (BCS) fired one of its mortgage bond traders after he allegedly lied to clients about residential mortgage-backed securities trades.

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According to a report from Bloomberg (first reported by Asset-Backed Alert), Barclays terminated Yoon Seok Lee on Feb. 11 for "allegations involving certain inaccurate communications to customers during the negotiation of residential mortgage-backed securities trades."





Click through to the Bloomberg report from more on Lee's firing.

http://www.housingwire.com/articles/33983-barclays-mortgage-bond-trader-fired-for-allegedly-lying-to-clients