SHAREHOLDER ALERT: Bronstein, Gewirtz & Grossman, LLC Announces Investigation of HSBC Holdings plc (HSBC)

NEW YORK, Oct. 19, 2017

On October 19, 2017, media outlets reported that the U.K. Financial Conduct Authority ("FCA") is investigating whether HSBC 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. 

Following this news, HSBC's American Depositary Receipt price has fallen as much as $0.48, or 0.97%, during intraday trading on October 19, 2017.

If you are aware of any facts relating to this investigation, or purchased shares of HSBC, you can assist this investigation by visiting the firm's site: www.bgandg.com/hsbc.  You can also contact Peretz Bronstein or his Investor Relations Analyst, Yael Hurwitz of Bronstein, Gewirtz & Grossman, LLC: 212-697-6484. 

Bronstein, Gewirtz & Grossman, LLC is a corporate litigation boutique.  Our primary expertise is the aggressive pursuit of litigation claims on behalf of our clients.  In addition to representing institutions and other investor plaintiffs in class action security litigation, the firm's expertise includes general corporate and commercial litigation, as well as securities arbitration.   Attorney advertising. Prior results do not guarantee similar outcomes.

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