Tuesday, September 30, 2008

Over 2000 complaints already!


Reports show that the HKMA has already received over 2000 cases of complaints concerning the misleading and harmful promotion methods of banks concerning the Lehman Brothers Minibonds.

Obvious cases of misleading selling methods will be first investigated and more resources would be put into their investigation.

Professor K.C. Chan, SBS, JP, Secretary for Financial Services and the Treasury reminded the people with such investments that the most effective way is to report to supervisory organisations should they feel that the banks has mislead them. He stated that the commission is actively investigating and paying close attention to the development of this incident.

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