KGI buys back HK$1.6 million of Lehman Brothers Minibonds


Securities firm KGI Asia has agreed with the Securities and Futures Commission (SFC) of Hong Kong to repurchase all outstanding Lehman Brothers' Minibonds subscribed or bought by its clients at a price equal to the principal invested. KGI volunteered to buy back the products after the SFC, following an investigation, reprimanded the securities firm in respect of internal systems and controls relating to the sale of the Minibond trades.

KGI, which is the second securities firm to buy back

To continue reading...

You need to sign in to use this feature. If you don’t have a Risk.net account, please register for a trial.

Sign in
You are currently on corporate access.

To use this feature you will need an individual account. If you have one already please sign in.

Sign in.

Alternatively you can request an individual account here: