Bloomberg’s Keri Geiger is reporting that New York Attorney General Eric Schneiderman will announce at 4pm ET that Barclays PLC (ADR) (NYSE:BCS) (LON:BARC) will be sued over fraud allegations related to its Dark Pool’s preferential treatment of high-frequency traders. Barclays being sued by New York Attorney General “Barclays PLC is being sued by New York’s attorney general over allegations that the bank’s dark pool gave high-frequency traders advantages over other customers, despite saying otherwise,” Bloomberg reported, quoting a person familiar with the matter. This will be the first criminal action related to high frequency trading since Michael Lewis released the book…
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