CFTC Orders HSBC Bank USA, N.A. to Pay a $45 Million Penalty for ...
May 12, 2023 · HSBC is ordered to pay a $45 million civil monetary penalty; to cease and desist from further violations of the Commodity Exchange Act’s (CEA) anti-fraud, anti-manipulation, supervision, and recordkeeping provisions; and to engage in specified remedial undertakings.
CFTC Orders HSBC to Pay a $30 Million Penalty for …
May 12, 2023 · The order charges HSBC Affiliates with failing to maintain, preserve, or produce records that were required to be kept under CFTC recordkeeping requirements, and failing to diligently supervise matters related to their businesses as CFTC registrants.
CFTC Orders Five Banks to Pay over $1.4 Billion in Penalties for ...
Nov 12, 2014 · Washington, DC – The U.S. Commodity Futures Trading Commission (CFTC) issued five Orders filing and settling charges against Citibank N.A. (Citibank), HSBC Bank plc (HSBC), JPMorgan Chase Bank N.A. (JPMorgan), The Royal Bank of Scotland plc (RBS) and UBS AG (UBS) (collectively, the Banks) for attempted manipulation of, and for aiding and ...
HSBC to pay $75 million in penalties to settle U.S. CFTC charges
May 12, 2023 · Units of HSBC Holdings Plc have agreed to pay $75 million to settle U.S. Commodity Futures Trading Commission (CFTC) charges related to manipulative and deceptive trading and record-keeping...
HSBC to pay $45M to settle CFTC spoofing, recordkeeping …
May 12, 2023 · HSBC was fined $45 million as part of a settlement with the Commodity Futures Trading Commission (CFTC) addressing charges its traders used manipulative and deceptive trading practices and that the bank committed recordkeeping failures related to a faulty third-party audio recording platform.
Units of HSBC Agree to Pay $75 Million to Settle CFTC's Charges
May 15, 2023 · The U.S. Commodity Futures Trading Commission (“CFTC”) has charged HSBC Holdings plc HSBC for manipulative and deceptive trading, and record-keeping failures. Units of the bank have agreed to...
Notice of Covered Action No. 2023-008 – HSBC Bank USA, N.A.; HSBC …
Press Release: PR8701-23 - CFTC Orders HSBC to Pay a $30 Million Penalty for Recordkeeping and Supervision Failures for Widespread Use of Unapproved Communication Methods. Order: HSBC Bank USA, N.A.; HSBC Securities (USA) Inc.; and HSBC Bank plc (CFTC Docket No. 23-27, May 12, 2023)
HSBC will pay $45 million to address CFTC spoofing and …
May 15, 2023 · HSBC was fined $45 million as part of a settlement with the Commodity Futures Trading Commission (CFTC) for allegations that its traders engaged in manipulative and deceptive trading practises and that the bank committed recordkeeping errors due to a flawed third-party audio recording platform.
CFTC Slams HSBC With $75M Penalty For Unethical Practices ... - Benzinga
May 15, 2023 · HSBC Holdings PLC (NYSE: HSBC) has agreed to pay $75 million in penalty charges as ordered by U.S. Commodity Futures Trading Commission (CFTC).
HSBC to pay US$75 million in penalties to settle US CFTC charges
May 12, 2023 · UNITS of HSBC Holdings have agreed to pay US$75 million to settle US Commodity Futures Trading Commission (CFTC) charges related to manipulative and deceptive trading and record-keeping failures, the regulator on Friday (May 12).