Barclays Capital Securities was slammed with a $1.77 million fine by the U.K.’s Financial Services Authority Wednesday, marking the second time the firm was fined by the agency this month.

The latest fine comes in light of Barclays’ failure to properly protect client funds held in sterling money market deposits during intraday trading from 2001 to 2009, the FSA said. Those actions go against FSA rules, which prohibits firms from mixing firm and client funds in order to protect clients’ money. Based in London, the FSA is a non-governmental body run by the financial services industry.

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