HSBC Securities to pay $50k high quality for alleged violations of CME guidelines

Worldwide derivatives market CME Group has posted a discover of disciplinary motion towards HSBC Securities (USA) Inc.

Pursuant to a proposal of settlement by which HSBC Securities (USA) Inc. neither admitted nor denied rule violations, the Clearing Home Danger Committee discovered that HSBC Securities (USA) Inc. violated CME Rule 980.A.

CME Rule: 980. REQUIRED RECORDS AND REPORTS

A. Every clearing member shall put together, keep and preserve present these books and data required by the principles of the Alternate, the Commodity Alternate Act and the Rules thereunder. Such books and data shall be open to inspection and promptly offered to the Alternate upon request.

In accordance with the settlement provide, the Committee imposed a $50,000 high quality.

The efficient date of the disciplinary discover is November 10, 2023.



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