HKMA refers misselling cases to SFC
HONG KONG - The Hong Kong Monetary Authority (HKMA) has referred 24 cases involving complaints of alleged misconduct regarding investment products related to Lehman Brothers to the Securities and Futures Commission (SFC). They are the first Lehman-related cases referred for further action, and involve alleged mis-selling by two licensed banks in Hong Kong.
An HKMA spokesperson said the HKMA had reviewed the cases and determined there were sufficient grounds for referral to the SFC, which will
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