Dark Pool Fines Could Lead to Reduced Trade Volumes, Changes to Reg ATS

While most were not surprised by the size of the penalties, there are plenty residual effects still to be felt from the news.

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The headline certainly drew people's attention: Banks Pay Over $150 Million in Fines Due to Dark Pool Violations.

Both the press offices of the US Securities and Exchange Commission (SEC) and New York Attorney General Eric Schneiderman both proudly touted the results of their case against Barclays and Credit Suisse earlier this week. The banks were required to pay penalties of $35 million and $30 million, respectively, to both the SEC and NYAG, in addition to $24.3 million in disgorgement and pr