Violation Tracker Individual Record

Company: 
HSBC
Current Parent Company: 
HSBC
Penalty: 
$765,000,000
Year: 
2018
Date: 
October 9, 2018
Primary Offense: 
toxic securities abuses
Violation Description: 

HSBC agreed to pay $765 million to settle claims related to its packaging, securitization, issuance, marketing and sale of residential mortgage-backed securities between 2005 and 2007.

Level of Government: 
federal
Action Type: 
agency action
Agency: 
U.S. Attorney-District of Colorado
Civil or Criminal Case: 
civil
HQ Country of Parent: 
Britain
Ownership Structure of Parent: 
publicly traded
Major Industry of Parent: 
financial services
Specific Industry of Parent: 
banking
Source Notes: 
If an online information source is not working, check the Violation Tracker Data Sources page for an updated link.
Parent company note: 
Parent-subsidiary relationship is current as of the most recent revision listed in the Update Log.