After New York Attorney General Eric Schneiderman detailed fraud charges against Barclays PLC (ADR) (NYSE:BCS) (LON:BARC) and the operation of its dark pool, the bank is fighting back, filing a lawsuit Thursday to dismiss the case, the Wall Street Journal is reporting. Barclays PLC claims Schneiderman’s complaint failed to identify fraud Barclays PLC (ADR) (NYSE:BCS) (LON:BARC) claims that the New York Attorney General’s complaint failed to identify fraud, its customers were sophisticated investors and Schneiderman is overstepping its bounds and that it is the Securities and Exchange Commission who has authority in the matter. The bank argues that the Martin Act, under which…
Barclays PLC Files Suit to Dismiss Schneiderman's Charges
Mark Melin
Mark Melin is an alternative investment practitioner whose specialty is recognizing the impact of beta market environment on a technical trading strategy. A portfolio and industry consultant, wrote or edited three books including High Performance Managed Futures (Wiley 2010) and The Chicago Board of Trade’s Handbook of Futures and Options (McGraw-Hill 2008) and taught a course at Northwestern University's executive education program.