Important Disclosures | HSBC
Statement of Financial Condition-SEC Rule 17a-5(c)
In accordance with SEC regulation 17a-5(c), please click below to access the Statement of Financial Condition for HSBC Securities (USA) Inc., an indirect wholly owned subsidiary of HSBC Holdings plc. For further information or assistance, please contact our Brokerage Customer Service Department at
June 2015 Financial Statements*
SEC Rule 606 Order Disclosure - Retail
The U.S. Securities and Exchange Commission's client disclosure rule, SEC Rule 606, requires all broker-dealers that route orders in equity and options securities to make available quarterly reports that present a general overview of their routing practices. The reports must identify the significant venues to which the client orders were routed for execution during the applicable quarter and disclose the material aspects of the broker/dealer's relationship with such venues. HSBC Securities (USA) Inc. ("HSBC") routes 100% of its retail SEC 606 covered securities to its clearing broker, Pershing LLC, for routing and execution. HSBC does not receive compensation for directing order flow to Pershing LLC. Pershing LLC receives compensation for directing a portion of the order flow. Pershing LLC may act as principal when an order is routed to its market making desk.
To view the SEC 606 Order Disclosure reports for HSBC Securities (USA) Inc., please click on the link below. Once you are in the website, click on the SEARCH tab at the top, then enter HSBC Securities (USA) Inc., click DISPLAY, then click on the HSBC Securities (USA) Inc. name within the Search Results.SEC Order Routing and Execution Reports
You may visit the SEC Website for more information on the Disclosure of SEC-Required Order Execution and Routing Practices.
SEC Rule 606 Order Disclosure - Institutional (Non-Retail)
The U.S. Securities and Exchange Commission's client disclosure rule, SEC Rule 606, requires all broker-dealers that route orders in equity and options securities to make available quarterly reports that present a general overview of their routing practices. The reports must identify the significant venues to which the client orders were routed for execution during the applicable quarter and disclose the material aspects of the broker/dealer's relationship with such venues.
Pursuant to SEC Rules 606, HSBC Securities (USA) Inc.'s order routing statistics for its Institutional (Non-Retail) orders are available by clicking the link below.
Payment for Order Flow-Rule 607
Pershing sends certain equity orders to Exchanges, Electronic Communication Networks, or Broker-dealers during normal business hours and during extended trading sessions. Certain of these venues provide payments to Pershing or charge access fees to Pershing depending upon the characteristics of the order and any subsequent execution. The details of these payments and fees are available upon written request. Pershing receives payments for directing listed equity options order flow to certain Option Exchanges. In addition, Pershing routes certain equity and option orders to its affiliate BNY Mellon Capital Market, LLC for execution as principal. Compensation is generally in the form of a per option contract cash payments.
USA Patriot Act
For information regarding HSBC's efforts to combat money-laundering and compliance with regulations such as the USA PATRIOT Act, please click on the following link:
Business Contingency Plan Disclosure-Rule 4370
HSBC Securities (USA) Inc. has prepared the following disclosure in accordance with FINRA Conduct Rule 4370.Business Contingency Plan Disclosure*
Privacy Disclosure-Reg S/P
HSBC is committed to protecting the privacy of our customers and visitors (collectively, "you") when using HSBC websites, mobile applications, channels, pages, or accounts HSBC operates on social media sites (e.g. Twitter), and any other online interactions you may have with us (collectively "Digital Services"). This U.S. Online Privacy Statement ("Statement") explains how we collect, use, share, and safeguard your information when you interact with HSBC Bank USA, N.A., its banking and non-banking U.S. affiliates and subsidiaries and service providers (collectively, "HSBC USA", "we", "our"). This includes visiting any Digital Services owned and controlled by HSBC USA, receiving our e-mails and viewing our ads on third-party sites and other devices that link to this Statement. All of these activities are subject to the terms of the Statement except where a different online and/or mobile statement is posted indicating that it is intended to take the place of this Statement.
When you visit our Digital Services, read our e-mails or interact with us on third-party sites, you are consenting to the terms of this Statement.
HSBC Securities is a member of the Securities Investor Protection Corporation (âSIPCâ). You may obtain information about SIPC, including the SIPC Brochure and information about which assets are eligible for SIPC protection by contacting SIPC at 1-202-371-8300 or visiting its website at www.sipc.org.
FINRA Investor Brochure-Rule 2267
HSBC Securities is a member of FINRA and the NYSE and a registered futures commission merchant. You may the FINRA Investor Brochure, which contains information on the FINRA Public Disclosure Program. You may contact FINRA at 1-800-289-9999 or on the Internet at www.finra.org.
FINRA BrokerCheck-Rule 8312
BrokerCheck is a free tool from FINRA that can help you research the professional background of brokers and brokerage firms as well as investment adviser firms and advisers. http://brokercheck.finra.org/
Commission and Fee Schedule
This brochure outlines the commissions and fees for your HSBC Securities account. It is our goal to make sure you are fully informed of the charges incurred for HSBC Securities services. Please contact HSBC Securities Client Service at 800.662.3343 for clarification on rates.HSBC Securities Commission and Fee Schedule*
US Financial Crime and Tax Compliance Terms and Condition
This document describes the account information that we may share between HSBC affiliates for purposes of identifying potential financial crimes. It also describes the actions that we may take should HSBC determine that an account is involved in financial crime activity, or if account information that has been provided to HSBC is inaccurate. Further, this Disclosure states our customersâ responsibilities with respect to tax obligations and related reporting to applicable and various tax authorities.US Financial Crime and Tax Compliance Terms and Condition*
|Investment, Annuity and Insurance Products:|
|ARE NOT A BANK DEPOSIT OR OBLIGATION OF THE BANK OR ANY OF ITS AFFILIATES||ARE NOT FDIC INSURED||ARE NOT INSURED BY ANY FEDERAL GOVERNMENT AGENCY||ARE NOT GUARANTEED BY THE BANK OR ANY OF ITS AFFILIATES||MAY LOSE VALUE|
All decisions regarding the tax implications of your investment(s) should be made in connection with your independent tax advisor.
Research backgrounds of brokers and brokerage firms for free by visiting FINRA's BrokerCheck website
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