NatWest Group plc (NYSE: NWG)

This investigation is for anyone who acquired securities in NatWest Group plc (NYSE: NWG) prior to October 27, 2023.

The Law Offices of Howard G. Smith believes that the Company and certain of its executives violated federal law. Specifically, the Law Offices of Howard G. Smith believes that the Company misled investors regarding its financial condition. More specifically, the Law Offices of Howard G. Smith believes that the Company misled investors by telling investors that the Company had controls in place to protect the personal information of bank’s customers and also to assure the legal treatment of the bank’s customers despite lacking such controls.

On October 27, 2023, NatWest Group disclosed findings from an independent review regarding the closing of an account of UK 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, the price of the Company’s stock dropped precipitously on unusually heavy trading volume.

The Law Offices of Howard G. Smith seeks to recover damages on behalf of class members. If you acquired securities in NatWest Group plc (NYSE: NWG) prior to October 27, 2023 you may join the lawsuit by submitting your information online, or you may call the Law Offices of Howard G. Smith and speak to Mr. Smith directly to learn how he can protect your rights.