HSBC Securities (USA) Inc.

Discharged

Employee was discharged for failing to follow Firm policy and procedure regarding the transfer of customer funds and/or securities. The employee failed to obtain customer authorization for the transfer of funds from the customer's individual account to a joint account between the customer and her Ex Husband.

I RECEIVED AUTHORIZATION IN JUNE OF 2017 FROM CLIENT, TO MOVE MONEY FROM CLIENT BROKERAGE ACCOUNT TO CLIENT JOINT CHECKING ACCOUNT WITH SPOUSE. TOTAL AMOUNT TRANSFERRED WAS A LITTLE OVER 700$. CLIENT BROKERAGE ACCOUNT, HAD BANK LINK ATTACHED TO CHECKING ACCOUNT, WITH SIGNATURE GUARANTEE BY BOTH CLIENT AND SPOUSE. THIS CHECKING ACCOUNT WAS USED NUMEROUS TIMES BEFORE TO SETTLE TRANSACTIONS PER CLIENT REQUEST. ALMOST ONE AND A HALF YEARS LATER IN OCTOBER OF 2018, CLIENT CALLED CUSTOMER SERVICE AND CLAIMED MOVEMENT OF MONEY TO CHECKING ACCOUNT WAS NOT REQUESTED. THIS WAS DESPITE THE FACT THAT CLIENT WAS RECEIVING BROKERAGE AND CHECKING ACCOUNT STATEMENTS FOR OVER A YEAR THAT SHOWED THE TRANSFER IN QUESTION AND ACCOUNT BALANCES. CLIENT NEVER NOTIFIED BANK OR MYSELF, UNTIL OCTOBER OF 2018, EVEN THOUGH BANK TOLL FREE 800 NUMBER AND MY DIRECT PHONE NUMBER WERE CLEARLY PRINTED ON STATEMENTS. CLIENT ALSO NEVER NOTIFIED MYSELF OR BANK ABOUT PENDING DIVORCE. I WOULD ABSOLUTELY NEVER PLACE A MOVEMENT OF MONEY WITHOUT CLIENT FIRST AUTHORIZING IT. TERMINATION WAS AN INTERNAL DECISION AND NOT DUE TO ANY SECURITIES VIOLATIONS OR RULES.

UNAUTHORIZED TRADE.

$6,443.00