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Barclays, Credit Suisse Agree to Dark Pools Settlements

  • SEC and New York split $70 million penalty from Barclays
  • Swiss lender owes $84.3 million in private trading settlement
The U.S. Securities and Exchange Commission seal is displayed outside the headquarters in Washington, D.C.

The U.S. Securities and Exchange Commission seal is displayed outside the headquarters in Washington, D.C.

Photographer: Andrew Harrer/Bloomberg
Updated on

Barclays Plc and Credit Suisse Group AG agreed to settle allegations by New York’s top cop and the U.S. Securities and Exchange Commission that they misled investors on how they managed their private trading platforms.

Barclays will pay $70 million, split evenly between the two enforcers, the largest fine levied on a dark pool operator, the SEC said Sunday in a statement. Credit Suisse will pay $84.3 million, according to the statement. That payment includes $24.3 million to the SEC for disgorgement and interest, with the remainder shared evenly between the two authorities.