2019063432006 HSBC Securities (USA) Inc. CRD 19585 AWC gg (2022-1657498820563).pdf

FINANCIAL INDUSTRY REGULATORY AUTHORITY LETTER OF ACCEPTANCE, WAIVER, AND CONSENT NO. 2019063432006 TO: Department of Enforcement Financial Industry Regulatory Authority RE: HSBC Securities (USA) Inc. Member Firm CRD No. 19585 Pursuant to FINRA Rule 9216, Respondent HSBC Securities (USA) Inc. submits this Letter of Acceptance, Waiver, and Consent for the purpose of proposing a settlement of the alleged rule violations described below.

Regulatory Notice 22-13

Summary

FINRA has adopted amendments to Rule 6732 (Exemption from Trade Reporting Obligation for Certain Transactions on an Alternative Trading System) to expand the scope of the exemption to include eligible ATS transactions that involve only one member (other than the ATS). As amended, a member ATS may apply for the exemption for transactions between a member subscriber and a non-member entity (e.g., a bank). The amendments to Rule 6732 will take effect on October 3, 2022.

The amended rule text is available in the online FINRA Manual.

Portfolio Resources Group, Inc. Comment On Regulatory Notice 22-08

Portfolio Resources Group, Inc. appreciates the opportunity to comment on Regulatory Notice 22-08 published by the Financial Industry Regulatory Authority (FINRA). We support FINRAs investor protection mission and commend FINRA for reminding members of their current regulatory obligations. However, we are deeply concerned that FINRA is considering a series of radical and unprecedented regulations that could prevent or deter our clients from accessing a broad range of public securities deemed complex.

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