Dark Pools Settlements to Cost Barclays, Credit Suisse Over $150m

[kreslik.news]

New York state and federal officials have announced that two major financial institutions have agreed to settlements related to the operations of their ‘dark pools’. Barclays fully admitted that it violated securities laws, while Credit Suisse is neither admitting nor denying allegations.

The settlements to which both financial institutions have agreed include federal and state charges according to which investors use the alternative trading systems (ATS) which are also known as ‘dark pools’.

Barclays has admitted to breaking the securities law and will be paying $70 million, while Credit Suisse will be paying $60 million to regulators and an additional $24.3 ... (read more)