Barclays Dark Pool Essay Example | Topics and Well Written Essays - 250 words

Barclays Dark Pool - Essay Example Another lesson that can be learned is the importance of transparency and accountability in a company. Fraudulent activities can last for a while but in the long run they always get detected. Failure of an organization to be transparent can be costly in terms of finances and reputation. The case for instance discouraged retail investors from investing in the company due to the tainted reputation. Broker dealers such as Royal Bank of Canada, Deutsche Bank and Investment Technology Group cut ties with the company’s dark pool system (McCrank and Slater 1). This already is an indication that the company will incur significant losses. Having the best interests of customers at heart is very important for a company. This is yet another lesson to learn. According to the case, Barclays deceived its customers that they would be protected against high-frequency traders while in a real sense the traders were being favoured (McCrank and Slater 1). Breach of trust is a costly endeavour as witnessed in the case. Ethical breaches are also costly based on the fact that some employees were fired after the case implicated some individuals. McCrank, John and Steve Slater. â€Å"New York attorney general accuses Barclays of dark pool fraud.† Reuters.com. Web 17 April 2015.