Barclays faces fraud lawsuit from NY AG

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Updated, 8:25 p.m. | The top law enforcer in New York State, Eric T. Schneiderman, filed civil fraud charges on Wednesday against Barclays over its private stock trading platform, contending that it favored high-frequency traders over other investors. Mr. Schneiderman, the state attorney general, accused Barclays of falsely representing the concentration of high-frequency traders in its.

US authorities have launched a securities fraud lawsuit against Barclays linked to its private trading system, or "dark pool". New york attorney general eric schneiderman alleged that the London-based bank’s dark pool gave advantages to high-frequency traders. Shares in Barclays were down more than.

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New York’s attorney general has filed a securities fraud lawsuit against Barclays, accusing the British bank of giving an unfair edge in the United States to high-frequency traders, while claiming. Barclays Faces US ‘Dark Pool’ fraud lawsuit shares in the london-based bank drop more than 5% after the New York attorney general accuses it.

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New York State’s top law enforcer has claimed that Barclays made a false statement in court documents and that it defied subpoenas seeking the testimony of two executives, a move that builds on a previous lawsuit over the bank’s private stock trading platform.

Plaintiff, the People of the State of New York, by Eric T. Schneiderman, Attorney General of the State of New York (the "Attorney General"), alleges the following against Barclays Capital, Inc. and Barclays PLC (together, "Barclays"): PRELIMINARY STATEMENT 1. This is a case about fraud and deceit by one of the world’s largest banks.

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demonstrated a disturbing disregard for its investors in a systematic pattern of fraud and deceit,” says NY AG Eric Schneiderman. "”Barclays grew its dark pool by telling investors they were diving.

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The New York State attorney general has turned up the heat on Barclays over its alleged ‘dark pools’ trading fraud, writes James Salmon. Eric Schneiderman says he has new evidence that several top.

The New York State’s attorney general has filed a securities fraud lawsuit against Barclays, accusing the British bank of giving an unfair edge in the United States to high-frequency trading.