Swiss vagabonds caught again

CreditSwiss to pay 80mill. US fine for not disclosing how its "dark pool" works and how it hides the trade size and the ticker name. Dark pools are SEC unregulated trading platforms by major banks that hide the trade bid and ask offers and size, frequently used to take advantage of other unsuspecting traders. The fiber optic line in lower Manhattan was used by Exchange insiders to get 1 second trade advantage over others, including hedge funds. Nice people, eh?

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