Monday, February 1, 2016

Barclays and Credit Suisse fined US fraud – Yahoo Finance Spain

New York, February 1 (EFE) .- The British bank Barclays and Swiss Credit Suisse has been fined a total of 154.3 million dollars after being investigated by a complex fraudulent electronic transactions, informed judicial sources.

As reported by the Attorney General of New York, research began in 2014 and, in the case of Barclays, explained that there had been a demand in February 2015.

The actions under investigation are part of what prosecutors described as “dark backgrounds fraudulent” transactions, or private exchanges in securities trading are not available to the public in general.

The statement, which realizes this arrangement, explicitly mentions the LX Barclays investment fund, which according to the prosecution, “misled investors and violated securities laws” so you must pay a fine of 70 million dollars.

For its part, Credit Suisse made “false statements” in two equity trading platforms, Crossfinder and Light Pool, and the way in which channeled customer orders and “manipulated confidential information”.

Credit Suisse Securities agreed to pay a fine of 60 million dollars, which like the Barclays Capital 70 million is divided equally for the Prosecutor General the State of New York and the Securities Exchange Commission of USA (SEC).

The Swiss bank will pay an additional amount to the SEC of $ 24.3 million from interest and restitution of prejudice . in relation to other violations of the regulations of financial markets

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