FSA confirms Lehman Brothers investigation amid growing UK parliamentary concern

The UK Financial Services Authority (FSA) has announced an investigation into the sale of Lehman Brothers-backed structured products, the day after an early day motion (EDM) was tabled in the UK parliament calling for an FSA probe into marketing practices.

The EDM was tabled on May 7 by Edward Vaizey, shadow minister for culture, media and sport and a Conservative member of parliament (MP) for Wantage. It has cross-party support from eight other MPs. "Essentially, I think it boils down to a pote