By Jeff Dale2023-10-10T16:45:00
A U.S. affiliate of British bank HSBC agreed to pay $2 million as part of a settlement with the Financial Industry Regulatory Authority (FINRA) addressing alleged inaccurate disclosures related to conflicts of interest.
HSBC Securities (USA) agreed to be censured and certify its compliance in reaching settlement, according to a FINRA disciplinary action published Monday.
Between January 2013 and December 2021, HSBC published research reports containing approximately 275,000 disclosure inaccuracies about its conflicts of interest, FINRA alleged.
2024-01-31T21:15:00Z By Jeff Dale
The Bank of England’s Prudential Regulation Authority penalized two HSBC units £57.4 million (U.S. $73 million) over historic failures in deposit protection identification and notification.
2023-12-27T18:24:00Z By Kyle Brasseur
Electronic trading platform Interactive Brokers received a $3.5 million penalty from the Financial Industry Regulatory Authority for multiple alleged violations of the self-regulatory organization’s rules regarding execution and supervision.
2023-12-06T19:16:00Z By Kyle Brasseur
The Financial Industry Regulatory Authority published disciplinary actions against four firms for failing to establish, maintain, and enforce a reasonably designed supervisory system over fully paid securities lending.
2025-08-08T21:06:00Z By Adrianne Appel
Two major health insurance brokers will pay a combined $145 million to resolve Federal Trade Commission allegations that they misled millions of consumers and mishandled personal data, the agency announced Thursday.
2025-08-07T19:38:00Z By Adrianne Appel
The owners of cryptocurrency mixing service Samourai Wallet pleaded guilty to transmitting more than $200 million in criminal transactions, according to the Department of Justice.
2025-08-07T15:59:00Z By Ruth Prickett
Late payers will soon face much larger fines in the U.K. in what is promised to be the “toughest crackdown on late payments in a generation.” The scheme is intended to save the 38 businesses a day that go bust because of poor payment practices.
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