Barclays pays $70m to settle US 'dark pool' trading case

Barclays will pay $70m to settle a case brought by US authorities over allegations the bank “misled” users of its “dark pool” trading system.

Barclays pays $70m to settle US 'dark pool' trading case
Mon, 01 Feb, 2016 - 06:41

Barclays will pay $70m to settle a case brought by US authorities over allegations the bank “misled” users of its “dark pool” trading system.

The US Securities and Exchange Commission (SEC) and the New York Attorney General’s Office said the London-based company had admitted wrongdoing and agreed to pay each agency $35m.

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CourtsBusinessHeathrowPlace: USPlace: LondonPlace: United StatesPerson: Robert CohenPerson: Andrew CeresneyOrganisation: BarclaysOrganisation: US Securities and Exchange CommissionOrganisation: SECOrganisation: New York Attorney General’s OfficeOrganisation: Credit SuisseOrganisation: Market Abuse Unit
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