BENSALEM, Pa.--(BUSINESS WIRE)--Law Offices of Howard G. Smith announces an investigation on behalf of NatWest Group plc (“NatWest Group” or the “Company”) (NYSE: NWG) investors concerning the Company’s possible violations of federal securities laws.
On October 27, 2023, NatWest Group disclosed findings from an independent review regarding the closing of an account of U.K. politician, Nigel Farage, and a “potential breach of confidentiality relating to his customer information.” Therein, the Company admitted “serious failings” despite the account closure being lawful. In response, the Financial Conduct Authority (“FCA”) announced that it is opening a probe into NatWest Group’s internal controls, “include[ing] the firms’ processes, systems and controls around how they consider potential closure of accounts and handle complaints from their customers, and the allocation of responsibilities and effectiveness of the firms’ governance mechanisms.”
On this news, NatWest Group’s stock price fell $0.66, or 13%, to close at $4.42 per share on October 27, 2023, thereby injuring investors.
If you purchased NatWest Group securities, have information or would like to learn more about these claims, or have any questions concerning this announcement or your rights or interests with respect to these matters, please contact Howard G. Smith, Esquire, of Law Offices of Howard G. Smith, 3070 Bristol Pike, Suite 112, Bensalem, Pennsylvania 19020 by telephone at (215) 638-4847, toll-free at (888) 638-4847, or by email to email@example.com, or visit our website at www.howardsmithlaw.com.
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