HSBC pays $750,000 to settle with SEC on adviser comp practices
The agency charged the firm with misrepresenting how it paid dually registered reps
HSBC Securities (USA) will pay a $750,000 civil penalty to settle with the Securities and Exchange Commission for making misrepresentations to retail clients about the compensation of its dually registered investment adviser and broker representatives.
According to the SEC's order, HSBC Securiti
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