FSA takes over Lehman structured products investigation

The Ombudsman had been investigating several individual cases of investors who lost money after buying Lehman-backed structured products, which became virtually worthless following the insolvency of the US bank in September 2008. Both bodies have decided that the collapse has raised wider issues in the structured products market. The FSA will be able to deal with a greater number of consumers than the Ombudsman, and regulatory options could be "one way of reducing consumer detriment," says the

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