The UK bank announced the suspension of the ETNs yesterday (28 April) as the structured notes paperwork gaffe reported in March continues to reverberate.
Barclays has suspended any further sales by the bank and its affiliates in the US of 30 of iPath ETNs listed on NYSE Arca and CBoe BZX until it resolves the paperwork issue with the U.S. Securities and Exchange Commission (SEC). The UK bank said sales of affected products under the iPath brand will be halted from Thursday until further notice. This situation was entirely avoidable and I am deeply disappointed that it occurred - C.S. Venkatakrishnan The bank pr
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