News & Insights

Help
5 News Results

A cryptocurrency exchange settled New York State Department of Financial Services charges for failing to establish a compliance program to satisfy (i) New York banking law and (ii) NYDFS virtual currency, money transmitter, transaction monitoring and cybersecurity regulations.

The Supreme Court of the State of New York issued a "Default Judgment for Permanent Injunction" against a digital asset trading company for trading cryptocurrencies without registering as a broker-dealer, and for failing to disclose to investors certain fees associated with the cryptocurrency trading.

On Wednesday, June 25, New York Attorney General Eric Schneiderman filed civil fraud charges against Barclays Capital, Inc. and Barclays PLC (collectively, "Barclays") regarding its dark pool, "Barclays LX." The complaint alleges that, in an effort to increase the market share of Barclays LX, Barclays made "false statements to its clients and the investing public about how, and for whose benefit, Barclays operates its dark pool." The allegations include: intentionally excluding information about the dark pool's then-largest participant (a high-frequency trading ("HFT") firm that Barclays knew