More then 21,000 Lehman Brothers complaints lodged with HKMA

The Hong Kong Monetary Authority (HKMA) says it has received 21,762 investor complaints relating to Lehman Brothers.

The regulator says most of the complaints refer to ‘guaranteed’ minibonds, backed by Lehman Brothers, which were sold to retail investors as low risk investments but made worthless when the bank filed for US bankruptcy protection in September 2008. HKMA chief executive Joseph Lam revealed in April 2009 legislative testimony into the minibonds that more than 40,000 Hong Kong invest

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