An investigation for investors in HSBC Holdings plc (ADR) (NYSE:HSBC) shares over potential securities laws violations by HSBC Holdings plc was announced.
San Diego, CA -- (SBWIRE) -- 11/06/2017 -- An investigation was announced for investors in NYSE:HSBC shares concerning potential violations of securities laws by HSBC Holdings plc in connection with certain financial statements.
Investors who purchased shares of HSBC Holdings plc (ADR) (NYSE:HSBC) should contact the Shareholders Foundation at firstname.lastname@example.org or call 858-779-1554.
The investigation by a law firm focuses on whether a series of statements by HSBC Holdings plc regarding its business, its prospects and its operations were materially false and misleading at the time they were made.
On October 19, 2017, media outlets reported that the U.K. Financial Conduct Authority ("FCA") is investigating whether HSBC Holdings plc facilitated money laundering in connection with the family of South African businessman Atul Gupta. The FCA probe followed a letter by Peter Hain, a member of the U.K.'s House of Lords, raising concerns that illicit funds connected to the Gupta family have passed through the United Arab Emirates and Hong Kong, both significant markets for HSBC Holdings plc.
Those who purchased shares of HSBC Holdings plc (ADR) (NYSE:HSBC) have certain options and should contact the Shareholders Foundation.
Shareholders Foundation, Inc.
3111 Camino Del Rio North - Suite 423
92108 San Diego
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