Regulation Best Interest enhances the broker-dealer standard of conduct beyond existing suitability obligations, and aligns the standard of conduct with retail customers’ reasonable expectations by requiring broker-dealers, among other things, to:
- Act in the best interest of the retail customer at the time the recommendation is made, without placing the financial and/or other interest of the broker-dealer ahead of the interests of the retail customer; and
- Address conflicts of interest by establishing, maintaining, and enforcing policies and procedures reasonably designed to identify and fully and fairly disclose material facts about conflicts of interest, and in instances where we have determined that disclosure is insufficient to reasonably address the conflict, to mitigate or, in certain instances, eliminate the conflict.
One of the ways that your Wealth Relationship Manager fulfills their duty to disclose services and offerings of the firm as well as associated conflicts is to provide you with a Customer Relationship Summary, ‘Form CRS’, which allows you to make a fully informed decision regarding investment recommendations.
Our Customer Relationship Summary, ‘Form CRS’, along with our HSBC Brokerage Brochure, can assist in providing detail on our services offered, as well as provide you information on potential associated charges for HSBC Securities’ products and services.
It is our goal to make sure you are fully informed of the charges incurred for HSBC Securities services.
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Investment, annuities, and variable life insurance products are offered by HSBC Securities (USA) Inc. (HSI), member NYSE/FINRA/SIPC. In California, HSI conducts insurance business as HSBC Securities Insurance Services. License #: OE67746. HSI is an affiliate of HSBC Bank USA, N.A. Whole life, universal life, term life, and other types of insurance are offered by HSBC Insurance Agency (USA) Inc., a wholly owned subsidiary of HSBC Bank USA, N.A. Products and services may vary by state and are not available in all states. California license #: OD36843.
Investments, Annuity and Insurance Products: Are not a deposit or other obligation of the bank or any of its affiliates; Not FDIC insured or insured by any federal government agency; Not guaranteed by the bank or any of its affiliates; and subject to investment risk, including possible loss of principal invested.
All decisions regarding the tax implications of your investment(s) should be made in consultation with your independent tax advisor.
Research backgrounds of brokers and firms for free by visiting FINRA's BrokerCheck website.
Environmental, Social & Governance (“ESG”) and Sustainable Investing (“SI”)
HSBC Securities (USA) Inc. (“HSI”) does not provide recommendations or advice on any products based on ESG or SI considerations except in certain discretionary solutions or based on HSBC Group’s* policies. Customers can purchase ESG/SI related products on our platform on a self-directed basis. For our general ESG/SI disclosure, click Disclosures- HSBC. Information about HSBC Group’s approach to Sustainability can be found at Our climate strategy | HSBC Holdings plc.
*HSBC Group refers to HSBC’s global affiliates.
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