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NEW YORK (TheStreet) -- Shares of Barclays Plc (BCS) are down -1.82% to $14.81.
The bank is seeing investors and brokers cut ties with its stock-trading venue run from one of the largest dark pools as the firm battles allegations of fraud and misleading its customers.
This afternoon it was reported that Barclays removed a senior member of its equities-trading team from his day-to-day responsibilities in the wake of allegations that his group lied to clients about the operations of its so-called dark pools, sources told the Wall Street Journal.
Broker-dealers, including Credit Suisse Group
(CS - Get Report), Deutsche Bank
(DB - Get Report), Royal Bank of Canada
(RY - Get Report), Sanford C. Bernstein & Co. and Investment Technology Group, Inc.
(ITG - Get Report) removed connections to the dark pool, called Barclays LX, from their routing systems yesterday, sources told the Journal.