NEW YORK (Reuters) – Units of HSBC have agreed to pay $75 million to settle U.S. Commodity Futures Trading Commission (CFTC) charges related to record-keeping failures and manipulative and deceptive trading, the regulator said in statements on Friday.
HSBC Bank USA agreed to pay a $45 million civil penalty for manipulative and deceptive trading in connection with swaps, spoofing and record-keeping failures, CFTC said in a statement. HSBCA Bank USA, HSBC Bank plc and HSBC Securities agreed to pay $30 million for record-keeping and supervision failures, according to a separate CFTC statement.
(Reporting by Chris Prentice)
