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Yahoo! My Yahoo! Mail Yahoo! Search Search: Sign InNew User? Sign Up News Home - Help Navigation Primary Navigation Home Singapore Asia Pacific World Business Entertainment Sports Technology Top Stories Most Popular Secondary Navigation Singapore Asia Pacific World Search Search: Lehman investors in Hong Kong protest central bank By MIN LEE,Associated Press Writer AP - Monday, September 7 HONG KONG - Dozens of Hong Kong investors in failed Lehman Brothers-backed derivatives who were left out of a recent settlement protested Sunday outside the headquarters of the territory's central bank. ADVERTISEMENT About 37,000 investors who bought more than 15.5 billion Hong Kong dollars ($2 billion) of Lehman-related financial products saw their investments cast into doubt after the U.S. investment bank collapsed last September. Angry investors said the banks who sold the products misled them about the risk. Hong Kong regulators announced a settlement last month that requires the banks to return up to 70 percent of the principal to thousands of investors. But the deal excluded "experienced" investors who bought complex structured financial products at least five times over the past three years. Those "experienced" investors protested Sunday, clutching signs that said "I am not experienced" and demanding that they be included, footage from Hong Kong's Cable TV showed. The report said many of the nearly 100 demonstrators were elderly. Critics have questioned the "experienced investor" classification, saying it would include elderly investors who blindly trusted bank sales staff. Calls to Hong Kong's central bank, the Hong Kong Monetary Authority, and the Chinese territory's Securities and Futures Commission went unanswered. Email Story IM Story Printable View Blog This Sign in to recommend this article » 0 users recommend Related Articles: Business Kuwait's Zain near to 46 pct stake sale-TVReuters - 1 hour 35 minutes ago Xstrata tells bankers to study fresh Lonmin bid: reportReuters - 1 hour 35 minutes ago MIDEAST STOCKS-Zain, property stocks drive regional rallyReuters - 1 hour 36 minutes ago Zain CEO says shareholders in talks to sell stakeReuters - 2 hours 2 minutes ago Lebanon's ACC wins 124-floor Dubai skyscraper dealReuters - 2 hours 10 minutes ago Most Popular – Business Viewed Appetite spells three wolves' doom in Switzerland Astronauts conclude final spacewalk Poignant final farewell as Jackson laid to rest First baby born from new egg-screening technique Kuwait to keep Citigroup, Merrill Lynch stakes: report View Complete List » Search: Home Singapore Asia Pacific World Business Entertainment Sports Technology Top Stories Most Popular Copyright © 2009 Yahoo! Southeast Asia Pte Ltd. (Co. Reg. No. 199700735D). All Rights Reserved. Privacy Policy - Terms of Service - Community - Intellectual Property Rights Policy - Help

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