October 24, 2021

FINRA fines banks for mixing research, investment banking biz

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By Scott Flaherty, From The Litigation Daily A decade after a crackdown that was supposed to rein in research conflicts at Wall Street banks, the industry’s self-regulator won penalties Thursday from 10 leading banks accused of using their research analysts to drum up investment banking business. Goldman Sachs & Co., JP Morgan Securities LLC, Citigroup […]

Barclays Moves to Dismiss AG’s Suit Over ‘Dark Pools’

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By Suevon Lee, New York Law Journal Barclays is challenging the authority of New York’s top lawyer to sue the bank for fraud over allegedly deceptive statements it made to investors concerning high frequency trading in its “dark pool,” or private stock exchange. Attorney General Eric Schneiderman filed civil fraud claims against the bank last […]