Seeking Alpha

Barclays withdraws bond offering after dark pool lawsuit

  • Barclays (BCS) has withdrawn a $1.5B bond offering, after yesterday's news that NY attorney general Eric Shneiderman will sue the bank for securities fraud. The bank already received more than $4.5B in orders for the 10-year subordinated deal, before the lawsuit took its toll.
  • The claim accuses Barclays of favoring high frequency traders over other investors, and charges the bank of falsely representing the concentration of HFT in its dark pool.
  • BCS -0.3% AH
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Comments (1)
  • Bull-Market
    , contributor
    Comments (483) | Send Message
     
    Glad these HFT issues are getting the attention they deserve, not just on CNBC, but in Court.
    26 Jun 2014, 02:48 AM Reply Like
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