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The U.S. Securities and Exchange Commission is preparing a sweeping set of rules to target mutual funds whose rapid growth and migration into more complex strategies could pose risks to the financial system, the agencys chairman said.
December 12 -
Money managers and brokers shunned Barclays Plcs dark pool, and Chief Executive Officer Antony Jenkins pledged an urgent inquiry, after the bank was accused of lying to clients about high-frequency trading on the venue.
By Zeke FauxJune 26 -
Barclays was so bent on lifting its private trading venue to the upper ranks of Wall Street dark pools that it lied to customers and masked the role of high- frequency traders, according to New Yorks attorney general.
By Keri GeigerJune 26 -
Bank of America Corp. is dismantling an electronic market-making unit created last year to serve the lenders Merrill Lynch wealth-management division, said two people with knowledge of the decision.
By Sam MamudiMay 22