Thursday, 26 June 2014

The latest legal setback for the UK's Barclays bank

Top NY securities regulator sues Barclays over ‘dark pool’ -
"New York’s top securities regulator has sued Barclays alleging the UK bank favoured high-speed traders using its “dark pool” trading venue while misleading institutional investors. Eric Schneiderman, the state attorney-general, said Barclays had expanded its dark pool, Barclays LX, to one of the biggest off-exchange venues “by telling investors they were diving into safe waters . . . Barclays’ dark pool was full of predators – there at Barclays’ invitation”."

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