The Accountancy and actuarial discipline board (AADB) has launched an investigation, under its accountancy scheme, into the conduct of Pricewaterhouse Coopers, auditors to Barclays Capital Securities, in relation to its role in reporting to the Financial Services Authority (FSA) on the firm's compliance with the FSA's client asset rules -the so-called CASS rules- which govern the protection of client money.
In January, the Financial Services Authority fined Barclays Capital £1.1m pounds for mixing some client money with its own funds.
As of 14:47PM shares of Barclays Capital are rising by 0.65% to the 171.6p level.
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