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EDM (Early Day Motion) 366: tabled on 30 June 2010

Tabled in the 2010-12 session.

This motion has been signed by 29 Members. It has not yet had any amendments submitted.

As this motion is using historical data, we may not have the record of the original ordering, in which case signatories are listed alphabetically.

Motion text

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.

The first 6 Members who have signed to support the motion are the sponsors. The primary sponsor is generally the person who tabled the motion and has responsibility for it. The date shown is when the Member signed the motion.

In addition to the sponsors, the following Members have signed to support the motion.

These members had previously signed the motion, but have now withdrawn their support. The date shown is when the Member withdrew their signature from the motion.