Barclays and the Securities and Exchange Commission are in settlement negotiations with the US attorney general and SEC ( the Securities and Exchange Commission ) over alleged unfair practices related to their dark pool trading venues. Both banks are said to be negotiating huge fines, with Credit Suisse's possibly in the high tens of millions . The paramount case against Credit Suisse involves allegations that the bank helped provided unfair advantages to select traders, whereby violating rules against the acute pricing of stocks without adequately disclosing to investors how the process worked. Regulators have been scrutinising dark pools for recent months , and it now appears that they have reached the enforcement stage of the operation.
Barclays and the Securities and Exchange Commission are in settlement negotiations with the US attorney general and SEC ( the Securities and Exchange Commission ) over alleged unfair practices related to their dark pool trading venues. Both banks are said to be negotiating huge fines, with Credit Suisse's possibly in the high tens of millions . Regulators have been scrutinising dark pools for recent months , and it now appears that they have reached the enforcement stage of the operation.