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Article: FSA takes action.
- Article from:
- Investors Chronicle - magazine and web content
- Article date:
- October 30, 2009
CopyrightCOPYRIGHT 2009 FT Business. This material is published under license from the publisher through the Gale Group, Farmington Hills, Michigan. All inquiries regarding rights should be directed to the Gale Group. (Hide copyright information)
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Byline: Maike Currie
Investors who lost money in Lehman-backed structured products could qualify for compensation, while insurance broker Swinton will have to refund customers after non-compliant sales
Investors who lost money in structured investment plans backed by Lehman Brothers will be pleased to hear that the Financial Services Authority (FSA) has announced tough and wide-ranging action to help those who received unsuitable advice or misleading promotional material when they bought a Lehman-backed structured product.
The announcement follows an FSA review of the marketing and distribution of structured products, which found significant ...