HSBC, Scotiabank To Pay $37.5M In Texting Probe Settlements

By Jessica Corso ( May 11, 2023, 12:18 PM EDT) -- The Bank of Nova Scotia and HSBC Holdings PLC on Thursday became the latest financial institutions to settle with U.S. regulators over claims that they failed to keep records of business communications on employees' personal devices in violation of federal securities laws, with the two firms admitting to the violations and agreeing to pay a collective $37.5 million....

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