HSBC and Scotiabank employees violated federal securities laws by using unauthorized communication channels like text messages and WhatsApp.
, financial regulators continue scrutinizing major traditional finance companies like HSBC and Scotiabank.
HSI agreed to pay $15 million to settle with the SEC, while Scotia Capital agreed to pay $7.5 million. Additionally, Scotia paid $15 million to settle the U.S. Commodity Futures Trading Commission charges.that the banks have failed to meet recordkeeping requirements for dealers registered with U.S. market regulators.
South Africa Latest News, South Africa Headlines
Similar News:You can also read news stories similar to this one that we have collected from other news sources.
Anheuser-Busch stock downgraded by HSBC analysts over Bud Light ‘crisis’A managing director at HSBC’s global beverage sector downgraded the stock of Anheuser-Busch InBev to a hold status.
Read more »
‘Bud Light crisis’: HSBC downgrades Anheuser-Busch stock, sees ‘deeper problems’ than company admitsHSBC stock analyst Carlos Laboy downgraded stock in AB InBev, Anheuser-Busch’s parent company, to “hold,” saying the U.S. branch of the world beer giant had been damaged by the flap over its partnership with transgender social-media influencer Dylan Mulvaney.
Read more »
Bud Light parent company's stock downgraded by HSBC amid branding 'crisis,' huge sales dropHSBC is downgrading Anheuser-Busch InBev to hold following the Bud Light 'crisis' involving a marketing campaign featuring transgender activist Dylan Mulvaney.
Read more »
HSBC, Scotiabank hit with US penalties over employees' use of personal devicesU.S. regulators on Thursday slapped units of Bank of Nova Scotia and HSBC Holdings Plc with civil penalties for widespread recordkeeping violations through employees' use of personal devices and apps for work communications.
Read more »
Grayscale is worried the SEC may drive up costs for crypto custodiansGrayscale CEO Michael Sonnenshein is worried the SEC might impose new rules on the crypto industry that would make it more expensive and inefficient to custody assets for clients.
Read more »
SEC issues new subpoena to bitcoin miner MarathonMarathon Digital, a U.S.-based bitcoin mining firm, disclosed a new subpoena from the U.S. Securities and Exchange Commission.
Read more »