Hong Kong regulators investigate hundreds more allegations in Minibond 'mis-selling' fallout
The Hong Kong Securities and Futures Commission (SFC) and the Hong Kong Monetary Authority (HKMA) have instigated more investigations into the potential mis-selling of Lehman Brothers-linked structured products. Meanwhile, Hong Kong distributors, which sold Lehman Minibonds to retail investors, could possibly buy back the products at the prevailing market price under a proposal put forward by the Hong Kong financial secretary.
Under the proposal, the trustee of the Minibonds (HSBC Bank USA
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