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New York

hrmjustin

(71,265 posts) Wed Jun 25, 2014, 08:25 PM Jun 2014

New York AG Files Lawsuit Against Barclays PLC Over Alleged Deceit

NEW YORK (CBSNewYork/AP) – New York’s attorney general has accused British banking and financial services firm Barclays PLC of misleading large institutional investors and other clients by falsely telling them it was taking measures to protect them from predatory high-frequency traders.

The allegations against Barclays were contained in a securities fraud lawsuit that Attorney General Eric Schneiderman announced at a Manhattan news conference Wednesday.

The complaint, filed in state Supreme Court, portrays “a flagrant pattern of fraud, deception and dishonesty with Barclays clients and the investing public,” the attorney general said.

http://newyork.cbslocal.com/2014/06/25/new-york-ag-files-lawsuit-against-barclays-plc-over-alleged-deceit/

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