HSBC Securities to pay $50k fine for alleged violations of CME rules
In accordance with the settlement offer, the Clearing House Risk Committee imposed a $50,000 fine on HSBC Securities (USA) Inc.
In accordance with the settlement offer, the Clearing House Risk Committee imposed a $50,000 fine on HSBC Securities (USA) Inc.
HSBC Securities (USA) Inc.’s Data Entry Errors exceeded the 10% threshold level mandated by Rule 536.F.
Between July 2017 and September 2020, HSBC failed to ensure that intermarket sweep orders it routed to certain market centers met the NMS requirements.
Between January 1, 2021 and March 31, 2021, HSBC Securities violated Rule 576 by failing to maintain accurate information in the Exchange Fee System.
HSBC fingerprinted 2,191 non-registered associated persons but did not screen them for statutory disqualification.