
HSBC Bank USA, N.A. Agreed to pay a $10 million civil penalty and approximately $500,000 in disgorgement to settle allegations that it improperly allowed its name and logo to be used in connection with a Florida-based offering fraud by Pension Fund of America, L.C. That was directed primarily at Central and South American investors. For more info visit https://www.sec.gov/news/press/2007/2007-187.htm