NEW YORK, June 27 (Reuters) - Barclays PLC hasshifted the head of its equities electronic trading unit out ofhis day-to-day roles so that he can focus on the internalinvestigation into the British bank's U.S. dark pool tradingvenue, a person familiar with the situation said on Friday.
Bill White's day-to-day duties will taken over by otherswithin the electronic trading division, said the person, whorequested anonymity because of the sensitivity of theinvestigation. The move was reported earlier on Friday by theWall Street Journal.
New York's attorney general filed a securities fraud lawsuitagainst Barclays this week, alleging its LX Liquidity Cross darkpool stock trading venue was misleading investors and giving anunfair advantage to high-frequency traders.
Barclays has also tapped the law firm WilmerHale to help thebank defend itself against the allegations, according to peoplefamiliar with the matter.
Among the attorneys working with Barclays is MatthewMartens, a former top litigator at the Securities and ExchangeCommission who is perhaps best known for leading the SEC tovictory in its high-profile civil fraud trial against formerGoldman Sachs Vice President Fabrice "Fabulous Fab"Tourre, the sources said. (Reporting by John McCrank)