The Traderszone Network

Published in TZ Latest News 31 January, 2016 by The TZ Newswire Staff

Barclays, Credit Suisse to strike record deals with SEC, NY over dark pools

Barclays (BARC.L) and Credit Suisse (CSGN.VX) are poised to settle federal and state charges that they misled investors in their dark pools, with Barclays admitting it broke the law and agreeing to pay $70 million, according to a person familiar with the matter. The settlements between the banks and the Securities and Exchange Commission and New York Attorney General, which are expected to be formally announced on Monday, will mark the two largest fines ever paid in connection with cases involving dark pools.