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Saturday, April 25, 2026

HSBC Is Sued For Firing Whistleblower Exposing Front Running ... - Inner City Press



HSBC Is Sued For Firing Whistleblower Exposing Front Running Sarb Ox Cited

The complaint, filed in the U.S. District Court for the Southern District of New York where Inner City Press found it, recounting HSBC paying a $100 million fine for front-running, then fire the plaintiff for complaining. The Sarbanes-Oxley Act of 2002 is cited.

Callahan says he heard HSBC's Brian Yip tell junior trader Russell Dean to "always" by or sell for the Bank before putting a price on a transaction for a customer. Then on March 7, 2022, Callahan was suspended by HSBC.

HSBC Holdings plc's response was due December 30, but on December 28 a request was made to extend its time to February 6, 2023.

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