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  1. Broker compensates minibond investors

    Posted Apr 06th 2009, 12:00am by Joyce Man

    ... in minibonds and related complex, credit-linked derivatives issued or guaranteed by Lehman Brothers. When the US investment bank collapsed in September, they lost much or all their value. Peter Chan ... a reprimand. KGI Asia will pay the five clients HK$1.6 million. In its reprimand, the commission raised concerns about KGI's assessment of the risks of investing in minibonds; the training it gave ...

    http://www.scmp.com/article/675960/broker-compensates-minibond-investors
  2. Curb on banks' investment sales aired

    Posted Oct 10th 2008, 12:00am by Joyce Man, Peter So

    ... it would consider full compensation for losses on one such investment product- but only if its investigations showed buyers had been misled by the bank's sales staff. At the same time, banking ... within three months. 'Whether banks should be an investment adviser on such products could be one of the issues,' Mr Choi said. The authority could also consider raising the minimum ...

    http://www.scmp.com/article/655624/curb-banks-investment-sales-aired
  3. Monetary Authority chief calls for full review of banking rules

    Posted Oct 10th 2008, 12:00am by Joyce Man

    ... Joyce Man Responding to snowballing complaints from investors in minibonds linked to bankrupt US bank Lehman Brothers, the Monetary Authority chief said yesterday that there were 10 issues ... be an evaluation of whether institutions should offer financial products to retail investors at all, Mr Yam said. Given the risks that banks assume as distributors of financial products to retail investors ...

    http://www.scmp.com/article/655608/monetary-authority-chief-calls-full-review-banking-rules
  4. Bank 'offers to refund Lehman investor'

    Posted Oct 02nd 2008, 12:00am by Danny Mok, Joyce Man

    ... Nai-wai, who has been helping investors in the complex derivatives guaranteed by the bankrupt investment bank, said one investor had asked that their case be withdrawn from the list of those who ... the minibonds and similar products backed by Lehman Brothers, which was the fourth-largest investment bank in the US until its collapse 17 days ago. Mr Kam refused to say how much the case involved. ...

    http://www.scmp.com/article/654781/bank-offers-refund-lehman-investor
  5. Minibond cash to be repaid 'by March 27'

    Posted Jan 30th 2009, 12:00am by Danny Mok, Joyce Man

    ... Last week, the firm said it would buy back minibonds linked to the US investment bank, which collapsed in September, from 310 customers for about HK$85million. The repurchase will start ... be favourable to investors. Hong Kong investors lost billions of dollars on minibonds guaranteed by Lehman Brothers when the investment bank went bankrupt. Minibonds are not corporate bonds, but consist ...

    http://www.scmp.com/article/668317/minibond-cash-be-repaid-march-27
  6. Banks deny refund deals for minibond investors

    Posted Oct 03rd 2008, 12:00am by Joyce Man

    ... Asia and Citic Ka Wah Bank said only that they were handling complaints. Other banks did not respond. Since Lehman Brothers, the fourth-largest US investment bank, filed for bankruptcy on September 15, hundreds of investors have been demanding refunds from the banks and brokerages that sold them the minibonds- high-risk credit-linked derivatives marketed as proxy investments ...

    http://www.scmp.com/article/654890/banks-deny-refund-deals-minibond-investors
  7. Watchdog identifies 50 minibond investors it may back in legal action

    Posted Oct 31st 2008, 12:00am by Joyce Man

    ... of Lehman Brothers, the US investment bank, could announce details of its efforts to mediate between banks and disgruntled investors today, sources said. Some 43,700 Hongkongers invested HK$15.7 ... based on the information complainants could provide and whether bank staff made adequate disclosure of the investment risks. The 50 investors bought HK$42 million of Lehman-linked products from ...

    http://www.scmp.com/article/658420/watchdog-identifies-50-minibond-investors-it-may-back-legal-action
  8. SFC to investigate claims banks dressed up Lehman minibonds

    Posted Sep 25th 2008, 12:00am by Joyce Man

    ... Joyce Man The Securities and Futures Commission will investigate whether banks misrepresented minibonds and other complex debt securities backed by Lehman Brothers, the US investment bank ... literature for vetting. Hong Kong investors hold HK$15.6 billion in Lehman Brothers minibonds and related structured notes, and have been anxiously seeking news about their investments since the bank ...

    http://www.scmp.com/article/653832/sfc-investigate-claims-banks-dressed-lehman-minibonds
  9. Minibond holders mull lawsuit against banks that sold them

    Posted Sep 24th 2008, 12:00am by Joyce Man

    ... Joyce Man Holders of minibonds backed by bankrupt US investment bank Lehman Brothers will meet the head of the Consumer Council tomorrow to discuss launching a lawsuit against banks ... default swaps (CDS) guaranteed by Lehman Brothers. They are marketed as a proxy investment in well-known companies such as Hutchison Whampoa and HSBC. In a strongly worded circular to banks ...

    http://www.scmp.com/article/653815/minibond-holders-mull-lawsuit-against-banks-sold-them
  10. Bank to give pair refund on derivatives

    Posted Oct 17th 2008, 12:00am by Joyce Man

    ... Joyce Man An 84-year-old woman and her mentally ill son who bought derivatives linked to bankrupt US investment bank Lehman Brothers have reached an agreement with DBS on a partial refund, ... demanded banks respond by today to the government's proposal that they buy back such investments. The Hong Kong Association of Banks says it hopes to have a reply by today. Some 43,700 ...

    http://www.scmp.com/article/656640/bank-give-pair-refund-derivatives

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