HSBC Investment Bank ( Suisse ) SA is appealing against the HKD 605 million ( $ 78 million ) fine imposed by the Hong Kong regulator , the Securities and Futures Commission , over its sales of structured products , including Shaw Brothers Holdings ' notes between 2003 and 2008 . The bank is accused of failures in its internal controls and sales practices in relation to the sale of the Lehman notes and the Forward Accumulators . As we previously noted , HSBC are arguing that this fine is excessive .
HSBC Private Bank (Suisse) SA is appealing against the HKD 605m ($78m) fine imposed by the Hong Kong regulator, the Securities and Futures Commission, over its sales of structured products, including Lehman Brothers Holdings related notes between 2003 and 2008. The bank is accused of failing in its internal controls and sales practices in relation to the sale of the Lehman notes and Leveraged Forward Accumulators. As we previously noted, HSBC are arguing that this fine is excessive.