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Barclays accused of 'deception and dishonesty' in US lawsuit

Barclays bank has been accused of misleading large institutional investors by duping them into buying protection measures from predatory high-frequency traders, New York's attorney general said.

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Barclays 'taking fraud allegations very seriously'

British bank Barclays is taking allegations "very seriously" that it misled large institutional investors and other clients in the United States by falsely telling them it was taking measures to protect them from predatory high-frequency traders, it said today.

A Barclays spokesman said: "We take these allegations very seriously.

"Barclays has been co-operating with the New York Attorney General and the SEC (Securites and Exchange Commission) and has been examining this matter internally. The integrity of the markets is a top priority of Barclays."

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