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SFC’s strategy in resolving Lehman Brothers-related matters bears fruit

Securities and Futures Commission (SFC) reports that it has recently reached two other agreements on Lehman Brothers (LB)-related products, involving repurchase offers totaling approximately $1.489 billion. To date, the SFC has reached agreements with 25 distributors and non-distributors of such products. The SFC’s approach in resolving LB-related complaints has paved the way for the return of the collateral of LB…

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