Defendant Name:
HSBC Private Bank (Suisse), SA
Defendant Type:
Subsidiary of Public Company
Document Reference:
2014-266
Document Details
Legal Case Name
In the Matter of HSBC Private Bank (Suisse), SA
Document Name
SEC Charges HSBC's Swiss Private Banking Unit With Providing Unregistered Services to U.S. Clients; Firm Admits Wrongdoing to Settle Case
Document Date
25-Nov-2014
Document Format
Administrative Proceeding
Allegation Type
Investment Advisers/Investment Companies
Document Summary
On November 25, 2014, the SEC announced that it, "charged HSBC's Swiss-based private banking arm with violating federal securities laws by failing to register wit the SEC before providing cross-border brokerage and investment advisory services to U.S. clients."
Disgorgement & Penalty Information
Resolutions
Cease and Desist Order
Censured