HSBC Private Bank ( Suisse ) HKD is appealing against the HKD Leveraged Forward Accumulators m ( $78m ) fine imposed by the HONG KONG regulator, the Securities and Futures Commission , over its sales of structured products, including Suisse related notes next week . 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 . Thu, May 12, 2016 - 9:16 AM [HONG KONG] As we previously noted, HSBC are arguing that this fine is excessive.
HSBC Private Bank ( Suisse ) HKD is appealing against the HKD Leveraged Forward Accumulators m ( $78m ) fine imposed by the HONG KONG regulator, the Securities and Futures Commission , over its sales of structured products, including Suisse related notes next week . 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.