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FSA brings hope to Lehman collapse victims

The FSA (Financial Services Authority) has today issued a report into the collapse of Lehman Bros with a suggestion that many investors in the UK may have been misled or received inappropriate advice from the UK financial sector. After a period during which it seemed as though investors had been cut adrift by the regulator, there is now a real possibility that companies could be brought to account and indeed in due course we could see affected investors receive compensation.

It is believed that a number of customers were sold "100% secure" investments which were directly linked to Lehman Bros and collapsed when the operation went under. Many people literally ploughed their life savings into these so called secure investments and were left penniless and struggling to cover their everyday living costs after the collapse. However, the apparent change of heart by the FSA has given more investors hope for the future and would suggest that a number of leading investment advisers in the UK may be attracting the unwanted attention of the regulator very soon.

It will be interesting to see how this particular saga develops because there are literally thousands of investors who have been affected, losing millions upon millions of pounds in the process.

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