asiaone: Offers for Lehman investors: 79% accepted
FOUR out of every five investors who received settlement offers for the failure of their investments in Lehman Brothers-linked structured products have accepted the settlements.
Trade and Industry Minister Lim Hng Kiang yesterday said 79per cent of investors had accepted the offers from financial institutions that sold them the ill-fated investments.
Only 1.5per cent had rejected the offers. The remaining investors have yet to make a decision as of March15.
Mr Lim, who is also the deputy chairman of the Monetary Authority of Singapore (MAS), was giving Parliament an update on investigations into the alleged mis-selling of structured products by financial institutions here.
In January, the MAS said 58per cent of complainants, or 2,974 investors, would get a full or partial refund from financial institutions that sold them the products.
Of this total, 43per cent - or 1,282 - were offered full compensation.
|aus der Diskussion:||Lehman Brothers Chapter 11 -> Auswirkung(en) auf deren Zertifikate|
|Autor (Datum des Eintrages):||manyfulddick (09.04.09 21:13:11)|
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