Violation Tracker Individual Record

Company: 
HSBC Securities USA Inc
Current Parent Company: 
HSBC
Penalty: 
$7,000
Year: 
2011
Date: 
August 1, 2011
Offense Group: 
consumer-protection-related offenses
Primary Offense: 
insurance violation
Violation Description: 

Fine levied for failing to report five administrative actions taken against it by FINRA within 30 days, representing in its first application that it had not been named in any administrative actions, when in fact it has been named in 28 FINRA violations. RCW 48.17.597(1); RCW 48.17.530(1)

Level of Government: 
state
Action Type: 
agency action
Agency: 
Washington State Office of the Insurance Commissioner
Civil or Criminal Case: 
civil
Facility State: 
Washington
HQ Country of Parent: 
United Kingdom
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.