NY Attorney General Goes After Barclays

New York Attorney General Press Conference

The New York Attorney General's office announced Wednesday that it is suing Barclays BCS over a lack of transparency in its "dark pools."

"The facts alleged in our complaint show that Barclays demonstrated a disturbing disregard for its investors in a systematic pattern of fraud and deceit," Attorney General Eric Schneiderman said in a statement.
The New York Attorney General's office has been actively pursuing high-frequency trading. It subpoenaed six different companies in April to get information about their trading activities, and Schneiderman penned an op-ed decrying the practice.