Summary
New York Post ·

Barclays is doubling down on the dark pool. The British bank filed a motion to dismiss NYS Attorney General Eric Schneiderman's suit alleging that Barclays' unregulated stock trading platform lured investors for the benefit of predatory high-frequency traders. "Fundamentally, the complaint fails to identify any fraud -- establishing no material misstatements, no identified victims, and no actual harm," according to the motion. Schneiderman's suit, which he announced last month, includes details where employees either left or were fired for refusing to lie during presentations to clients that misstated how much volume went to its own dark pool.