Lehman-Backed Structured Products
EDM number 1432 in 2008-09, proposed by Edward Vaizey on 06/05/2009.
Categorised under the topic of Financial services.
That this House notes that more than 6,000 people invested more than £200 million of their savings in structured products backed by Lehman Brothers; further notes that such products were marketed as 100 per cent. secure by the companies that sold them, such as NDFA; is dismayed that, following the collapse of Lehman Brothers, investors appear to have lost their savings; and urges the Financial Services Authority to conduct a rapid and detailed investigation into the marketing of these products.
This motion has been signed by a total of 67 MPs.
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