Two banking groups will pay $ 154.3 million in the US for fraud – World

 01/02/2016 8:32:00 p.m.
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 EFE .-

The Barclays and Credit Suisse banks paid fines totaling US $ 154.3 million to close investigations by complex fraudulent electronic transactions, judicial sources reported.

As reported by the Attorney General of New York, research began in 2014 and at least in the case of British bank Barclays realized he had open a lawsuit in February 2015 .

The actions under investigation are part of what The Prosecutor called “dark fraudulent funds’ operations , or private exchanges in the trading of securities that are not available for general public.

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

Meanwhile, Credit Suisse, headquartered in Switzerland, made “false statements” in two trading platforms shares, Crossfinder and Light Pool, and how that channeled client orders and “manipulated confidential information.”

Credit Suisse Securities agreed to pay a fine of 60 million , like 70 million of Barclays Capital, will be divided equally to the Attorney General of the state of New York and the Securities Exchange Commission of USA (SEC).

Additionally, Swiss bank will pay an additional SEC 24.3 million interest and restitution of prejudice regarding other violations amount to the regulations of the financial markets.

The New York Attorney General Eric Schneiderman said in the statement that these cases represent “the first major victory in the fight to combat fraud in the marketing of mutual funds dark”.

also allow provide “significant reforms to protect investors from predators in the high frequency trading” of investment instruments.