NY-AG v. Credit Suisse

Credit Suisse allegedly engaged in fraudulent practices in connection with Credit Suisse’s Retail Execution Services (“RES”) business. Credit Suisse reportedly treated orders that were not subject to public reporting of aggregate execution quality less favorably than orders that were subject to such reporting, without disclosing this practice to RES’s customers. In addition, Credit Suisse misrepresented the liquidity its customers had access to when they sent orders to RES.

Summary generated from official New York Attorney General press release