Early day motion tabled by primary sponsor Dan Rogerson (Liberal Democrat), on Wednesday, 30 June 2010, in the House of Commons. It is signed by 28 members in total.
FINANCIAL SERVICES COMPENSATION SCHEME AND LEHMAN BROTHERS INVESTORS
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.
Secondary information
- Type
- Early day motion
- Reference
- 366
- Session
- 2010-12
- Other sponsors
- Peter Bottomley
- Andrew George
- Mike Hancock
- Bob Russell
- Adrian Sanders
- Subjects
- Financial services
- Link
- View this Early day motion on www.parliament.uk
Librarians' tools
- Timestamp
- 2022-10-21 21:37:19 +0100
- URI
- http://data.parliament.uk/edms/41306
- In Indexing
- http://indexing.parliament.uk/Content/Edit/1?uri=http://data.parliament.uk/edms/41306
- In Solr
- https://search.parliament.uk/claw/solr/?id=http://data.parliament.uk/edms/41306