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House Price Crash Forum

Caught In The Act!


erranta

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HOLA441
"In July 2005 the FSA requested certain trading information from HSBC Stockbroker Services (HSS) which, when reviewed, revealed that HSS had reported the client transaction as a 'sale' prior to a positive announcement and a 'purchase' after it," the regulator said in a statement.

HSBC headquarters statement "regrets the technical failures"

http://today.reuters.co.uk/news/newsArticl...HSBC-FSA-PF.xml

How much of this stuff is still going on within Financial circles - applies to property mis-reporting "technical failures" too??

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