Early day motion urges investigation into structured products

An early day motion has been tabled in the UK Parliament calling for an investigation by the Financial Services Authority (FSA) on behalf of investors who lost money after buying structured products backed by Lehman Brothers.

The motion was tabled yesterday by Ed Vaizey, the shadow minister for culture, media and sport and Conservative member of parliament (MP) for Wantage. It has cross-party support from eight other MPs who have added their signatures.

The motion calls for the FSA to make a rapid and detailed investigation into the marketing of the products. It notes that more than 6,000 people invested more than £200 million of savings in structured products issued by Lehman Brothers, the now defunct US investment

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