- Chief Compliance Officer and VP of Legal Affairs, Arrow Electronics
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.
2025-07-02T18:31:00Z By Aaron Nicodemus
Emerging enforcement priorities of the U.S. Department of Justice’s health care fraud division align with the Trump administration’s emphasis on prosecuting transnational criminal organizations and ending opioid trafficking.
2025-07-01T23:26:00Z By Oscar Gonzalez
Since President Donald Trump took office, the U.S. Federal Trade Commission has yet to keep up the level of enforcement it had under previous chair Lina Khan. The agency, however, returned to antitrust action in the case of fuel stations, just in time for the July 4th holiday.
2025-06-25T16:29:00Z By Oscar Gonzalez
In May, three commissioners for the Consumer Product Safety Commission were abruptly fired by President Donald Trump and sued for their jobs shortly after. A federal judge has ruled that the commissioners should be reinstated, although it’s unclear whether that ruling may itself be reversed.
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