Why Barclays (BSC) Stock Remains Down Today

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.

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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.
 
BCS Chart

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