March 18, 2024
A New York federal judge on Monday green-lit a whistleblower retaliation suit by a former HSBC Securities employee who claimed he was fired for reporting "rampant front-running" by HSBC traders, saying that while certain claims must be trimmed the suit plausibly alleges protected activity was a contributing factor to his termination.
July 14, 2023
A former HSBC Securities employee who claimed he was fired for blowing the whistle on "rampant front-running" by HSBC traders asked a federal judge Friday not to grant the bank's bid to toss his suit, saying its actions can be reasonably interpreted as retaliation.
June 12, 2023
HSBC Securities urged a New York federal judge on Monday to toss a suit from a former employee who claimed he was fired for blowing the whistle on "rampant front-running" by HSBC traders, arguing that the employee has not sufficiently alleged the purported front-running activity actually occurred, among other things.
October 11, 2022
A former HSBC Securities employee sued the broker-dealer in New York federal court Tuesday for unlawful retaliation, claiming he was fired for blowing the whistle on "rampant front-running" by HSBC traders to benefit the firm's own accounts to the detriment of clients, including the hedge fund Point72.