Barclays is challenging the authority of New York's top lawyer to sue the bank for fraud over allegedly deceptive statements it made to investors concerning high frequency trading in its "dark pool," or private stock exchange.
July 25, 2014 at 12:00 AM
1 minute read
Barclays is challenging the authority of New York’s top lawyer to sue the bank for fraud over allegedly deceptive statements it made to investors concerning high frequency trading in its “dark pool,” or private stock exchange.
Attorney General Eric Schneiderman filed civil fraud claims against the bank last month under the Martin Act, the state law that authorizes the attorney general to regulate and investigate fraud relating to the sale of securities.
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