Matter settled
HONG Kong authorities yesterday said the majority of complaints over the sale of financial products linked to collapsed United States investment bank Lehman Brothers have been settled.
The Hong Kong Monetary Authority said it has finished investigating nearly all of the 22,000 complaints it received, with almost 20,000 resolved through settlement agreements, or in a minority of cases closed for lack of evidence.
Disciplinary measures are being taken in about 1,500 cases, including an unspecified number involving innocuously labeled minibonds, which were in fact complex derivatives sold to many unsophisticated small-time investors.
The Hong Kong Monetary Authority said it has finished investigating nearly all of the 22,000 complaints it received, with almost 20,000 resolved through settlement agreements, or in a minority of cases closed for lack of evidence.
Disciplinary measures are being taken in about 1,500 cases, including an unspecified number involving innocuously labeled minibonds, which were in fact complex derivatives sold to many unsophisticated small-time investors.
- About Us
- |
- Terms of Use
- |
-
RSS
- |
- Privacy Policy
- |
- Contact Us
- |
- Shanghai Call Center: 962288
- |
- Tip-off hotline: 52920043
- 沪ICP证:沪ICP备05050403号-1
- |
- 互联网新闻信息服务许可证:31120180004
- |
- 网络视听许可证:0909346
- |
- 广播电视节目制作许可证:沪字第354号
- |
- 增值电信业务经营许可证:沪B2-20120012
Copyright © 1999- Shanghai Daily. All rights reserved.Preferably viewed with Internet Explorer 8 or newer browsers.