Losses & Lawsuits


HSBC (HSBC Canada)

HSBC Securities (Canada) announced on August 31 that it had reached a settlement related to market timing for C$1.16 million (USD $973,808) with Investment Dealers Association of Canada. The settlement covers alleged improper market timing trades of mutual fund shares from January 1, 2002 through July 1, 2002.

HSBC Securities is the brokerage arm of the largest foreign bank operating in Canada. This settlement follows on the heels of a number of similar ones in Canada.


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At a Risk.net webinar in association with capital markets technology provider Numerix, panellists discuss the potential for increased adoption of the public cloud to boost investment performance, its impact on risk management and overcoming barriers to…

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