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Open Letter to HKMA and SFC from VICTIMS OF THE ROYAL BANK OF SCOTLAND

 

Dear Ms.Margaret Lieu and Mr. Ken Lau of HKMA

 

Dear Mr. Sam Chiu of SFC                                                                   Please click: Photos

  

How much longer do we (Lehman Brothers victims of The Royal Bank of Scotland / previously ABN AMRO) have to wait for justice and fairness from our Hong Kong financial regulatory bodies.  Our cases were not different from any other 15 banks in Hong Kong.  There were gross misrepresentation and misselling by RBS and its staff like other banks in Hong Kong and why do we have to wait and have our cases be rejected by the HKMA and SFC.  Isn't justice and fairness prevail in Hong Kong anymore? Isn't Hong Kong promote itself as a reputable international financial centre like Singapore and yet it is not taking measures to protect its own residents / citizens? 

  

SFC's Acting Chief Executive Officer, Mrs. Alexa Lam, already agreed that:

  

"While sound internal guidelines dealing with what is required and expected in the sale of investment products is an essential compliance tool for intermediaries, adequate guidelines alone are not sufficient. Good controls and supervision together with sound experience and judgment are needed to ensure recommended investment products are suitable for customers".

 

SO HOW MUCH LONGER DO WE HAVE TO WAIT BEFORE OUR VOICE IS BEING HEARD by OUR OWN HK GOVERNMENT???

  

THANK YOU FOR HEARING OUR CRY FOR JUSTICE AND FAIRNESS ........

  

VICTIMS OF THE ROYAL BANK OF SCOTLAND.

 

13 Jul 2011


雷曼苦主大聯盟
www.lbv.org.hk