Violation Tracker Individual Record
: HSBC Brokerage
Current Parent Company
Parent at the Time of the Penalty AnnouncementPenalty
to see this data field
: May 29, 2007
: financial offenses
: investor protection violation
: financial institution supervision failures
: NASD fined HSBC Brokerage $250,000 for failure to have adequate systems in place to supervise government securities transactions to ensure best execution.
Level of Government
: agency action
: Financial Industry Regulatory Authority
Civil or Criminal Case
HQ Country of Current Parent
: United Kingdom
Ownership Structure of Current Parent
: publicly traded
Major Industry of Current Parent
: financial services
Specific Industry of Current Parent
Source of Data
: NASD fines HSBC Brokerage $250,000 for bond violations, Associated Press, May 29, 2007 (via Nexis).
: FINRA is a securities industry self-regulatory body authorized by the federal government. This case was handled by its predecessor, the National Association of Securities Dealers (NASD).
: If an online information source is not working, check the Violation Tracker Data Sources page
for an updated link.
Current parent company note
: Parent-subsidiary relationship is current as of the most recent revision listed in the Update Log