HSBC Holdings plc (LON:HSBA) Facing Regulator Fine

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An HSBC Holdings plc (LON:HSBA) unit in Hong Kong has been fined by the securities regulator in the country. HSBC Holdings plc (LON:HSBA) Facing Regulator Fine Flash Player 9 or higher is required to view the chart Click here to download Flash Player now View the full HSBA chart at Wikinvest According to a statement by the Securities and Futures Commission of Hong Kong, it fined a HSBC Holdings plc (LON:HSBA) unit in Hong Kong $386,319 for not following adequate procedures in relation to the distribution of equity-linked notes. On top of this, the commission has also suspended the license of HSBC Holdings plc (LON:HSBA)'s Trinkaus Investment Management unit for two years from April 30, 2011, preventing it from dealing in or advising investors on structured notes. HSBC Holdings plc (LON:HSBA) shares stood at 651.8 at the end of the last trading session (last trade 4 May 16:35). Price History Last Price: 651.8 52 Week Range: 565.20- 739.63 Last Vol: 25559216 3 Month Vol: 108363000