In 2014, Britains Barclays Plc was punished and fined 26 million pounds by the UK Financial Conduct Authority. It was alleged that former Barclays trader Daniel James Plunkett had manipulated gold prices.

1. Carefully, research and outline what this scandal involved, and explain why the actions of the former Barclays trader were unethical. You should where possible relate these actions to the CFA Professional Standards and Code of Ethics.

2. Discuss what issues may have caused this behaviour to occur, and what you could implement to prevent this from happening in the future.

3. Evaluate the impact of this scandal on the value of Barclays and explain why the value of the bank may change by more than the cost of the fines to correct the issue.

Note: Please research and answer in detail thanks.