How Will Barclays (BCS) Stock Be Affected By Dark Pool Fraud Allegations?

NEW YORK (TheStreet) -- Shares of Barclays Plc (BCS) are up 1.72% to 14.80%  in pre-market trade as the bank sees investors and brokers cut ties with its stock-trading venue run from one of Wall Street's biggest so-called dark pools as the firm battles allegations of fraud and misleading its customers, the Wall Street Journal reports.

Barclays shares closed down -7.38% to $14.55 yesterday.

Broker-dealers, including Credit Suisse Group (CS), Deutsche Bank (DB), Royal Bank of Canada (RY), Sanford C. Bernstein & Co. and Investment Technology Group, Inc. (ITG) removed connections to the dark pool, called Barclays LX, from their routing systems yesterday, sources told the Journal.

Must Read: Warren Buffett's 25 Favorite Growth Stocks

 
For more information about this subject click here.

BCS Chart

BCS data by YCharts

STOCKS TO BUY: TheStreet Quant Ratings has identified a handful of stocks that can potentially TRIPLE in the next 12 months. Learn more.

More from Markets

Global Stocks Edge Higher, But Bond Yields, Oil Prices May Test Market Strength

Global Stocks Edge Higher, But Bond Yields, Oil Prices May Test Market Strength

Sohn Conference Briefly Distracts From Barrage of Earnings -- ICYMI

Sohn Conference Briefly Distracts From Barrage of Earnings -- ICYMI

Dow and Nasdaq Finish Lower as 10-Year Treasury Yield Hovers Near 3%

Dow and Nasdaq Finish Lower as 10-Year Treasury Yield Hovers Near 3%

Video: Stop Using Student Loan Money to Buy Bitcoin

Video: Stop Using Student Loan Money to Buy Bitcoin

Let the Najarian Brothers Crash-Proof Portfolio

Let the Najarian Brothers Crash-Proof Portfolio