HSBC, US Bancorp Settle FINRA Charges

26 Apr 2010

HSBC Securities and US Bancorp Investments have settled charges brought buy the Financial Industry Regulatory Authority relating to auction rate securities that became illiquid when the auctions froze up two years ago.

HSBC Securities and US Bancorp Investments have settled charges brought buy the Financial Industry Regulatory Authority relating to auction rate securities that became illiquid when the auctions froze up two years ago. HSBC has agreed to pay a fine of $1.5 million and U.S. Bancorp $275,000 for the ...

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