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31

Barclays and Credit Suisse to Settle ‘Dark Pool’ Inquiries

By Tony Seruga

Barclays bank headquarters in London. The bank and Credit Suisse agreed to pay a combined $154.3 million to settle charges that they misrepresented their private stock trading services.CreditCarl Court/Agence France-Presse — Getty Images

Barclays and Credit Suisse will pay a combined $154.3 million to settle allegations that they misrepresented their private stock trading services.The systems, known as dark pools, are supposed to offer a haven to traditional traders and investors from predatory trading behavior.

The settlement was being completed on Sunday and was scheduled to be announced on Monday at a joint news conference by the New York attorney general, Eric T. Schneiderman, and the Securities and Exchange Commission…

Barclays and Credit Suisse to Settle ‘Dark Pool’ Inquiries

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