New York Attorney General sued Barclays PLC (NYSE:BCS) (LON:BARC) for its alleged mismanagement of its dark pool, though the amount of damages and restitution remain unstated.
Andrew Lim and team at Societe Generale in their report dated June 26, 2014 on the title: “Litigation Monitor-Updated for ‘dark pool’ exposure” notes the magnitude of litigation risk is hard to gauge.
Barclays PLC staring dark pool penalty
As reported earlier, New York Attorney General Eric Schneiderman accused Barclays PLC (NYSE:BCS) (LON:BARC) of fraudulently portraying its dark pool as safe, when really they were subject to ‘predatory’ and ‘toxic’ trades. The lawsuit charged the bank that it grew its dark pool into one of...
Login required to continue reading.
Setup a free account to get access to this article (no credit card required).
View Full ArticleAlready a member? Log in here
