Customers of the UK bank have filed a class action lawsuit against Barclays Plc in a New York federal court alleging violations of the Securities Act.

A class action filed in the US District Court for the Southern District of New York on behalf of two investors ‘and all other similarly situated’ claims that Barclays allegedly sold unregistered securities and did not return the money after it was caught out. According to the lawsuit filed on 27 March, two investors that bought thousands of dollars’ worth of unsecured debt securities – Barclays Bank iPath Series B S&P 500 VIX Short Term Futures ETN - from their IRA a