Barclays And Credit Suisse Banks Fined For Misrepresenting Trading Services

NEW YORK, NY - FEBRUARY 01: U.S. Securities and Exchange Commission (SEC) Enforcement Director Andrew Ceresney is joined by New York Attorney General Eric Schneiderman (left) where they announced a settlement with Barclays and Credit Suisse on federal and state charges on February 1, 2016 in New York City. Both banks settled in separate cases which found that they violated federal securities laws while operating alternative trading systems known as dark pools and Credit Suisse's Light Pool. Both banks have agreed to millions in fines to both the SEC and the New York Attorney General's office. The settlements between the banks and the U.S. Securities and Exchange Commission and the New York attorney general mark the two largest fines ever paid in connection with cases involving dark pools. (Photo by Spencer Platt/Getty Images)