HSBC To Pay CFTC $75M Over Texting Probe, Spoofing

By Sarah Jarvis (May 12, 2023, 11:45 AM EDT) -- HSBC Bank PLC and its affiliates on Friday agreed to pay $30 million to the Commodity Futures Trading Commission over the use of unapproved communication methods to conduct business, while the bank's U.S. arm separately agreed to pay $45 million to settle claims including deceptive trading and spoofing....

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