This menu shows you other areas of this website and various areas of interest. It is a quick locator.
You are currently in a library. This takes you to the top level of Household - HSBC Watch consumer advocates and watchdogs
This takes you to the complaints library and all recent complaints about HSBC, HFC, Beneficial Finance, and their merchants since 2007
Monitor the latest news about HSBC Plc, HSBC USA, the bank and HSBC Finance Corp from around the world in this watchdog area
See articles, stories, and complaints about HSBC and Household International since 2005 in this interactive library
Submit your complaint to our watchdogs. We perform trend analysis and need your help. Complaints are noted by type and processed
Get help with this one-click form just by entering your zip code in this form. You can even contact the media
You're browsing: Archived News » You Should Know » Article Title: NYSE Fines HSBC for Poor Records Keeping

On January 12 2005 it was reported that “HSBC Holdings PLC’s HSBC Securities Inc., of New York, a member firm, consented without admitting or denying guilt to findings of books and records, regulatory reporting and supervisory deficiencies.

“From early 2000 to September 2002, the member firm failed to retain internal e-mails for a three-year period. Also, prior to April 2001, HSBC held onto external e-mails on back-up tapes but failed to retain those tapes for the requisite three-year period. Upon learning of the problem, the firm failed to promptly report the matters to the Exchange.

“The NYSE imposed a penalty of a censure and $500,000 fine. HSBC consented to the penalty.”

Popularity: 3% [?]

No related posts.

   Digg   Del.icio.us   StumbleUpon   Reddit   RSS  

Find specific results on any of our sites: Category: You Should Know
You can follow any responses to this entry through the RSS 2.0 feed. You can leave a response, or trackback from your own site.
Leave a Reply

You must be logged in to post a comment.