Barclays and Credit Suisse settle with Regulatory Agency regarding Dark Pools: Following allegations that Barclays Capital, Inc. and Credit Suisse Securities made false statements and material omissions in the marketing of their automated trading systems, the banks have agreed to pay penalties in excess of $154 million to the Securities and Exchange Commission and the New York Attorney General.  Specifically, the regulators alleged that Barclays misled investors regarding how the bank monitored its dark pool for high frequency trading and that Credit Suisse failed to alert customers that it routed transactions directly to its own pool.  The agreement marks the largest settlement in the fight against fraud in dark pool trading. (To read more about the allegations and the landmark settlement, visit Bloomberg.com).


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