Financial Services Compensation Scheme And Lehman Brothers Investors

EDM number 366 in 2010-12, proposed by Daniel Rogerson on 30/06/2010.
Categorised under the topic of Financial services.

That this House notes that more than 6,000 people invested savings in structured products backed by Lehman Brothers and which were marketed as 100 per cent. secure by companies, such as NDF, which sold them; further notes that investors have now lost more than £200 million of their savings following the collapse of Lehman Brothers; further notes that while investors were aware that some of their capital was at risk they were not warned that their monies would be invested in a single fund, making their investment more vulnerable; and calls on the Financial Services Compensation Scheme to compensate all those affected by honouring the Savings Deposit Guarantee for these funds.

This motion has been signed by a total of 29 MPs, 1 of these signatures have been withdrawn.