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Lack of Legal Safeguards for Investors when Buying Financial Investment Products: The Need for Legal Reforms in Hong Kong.

Authors :
Andy Cheng
Angus Young
Source :
Journal of International Banking Law & Regulation; 2015, Vol. 30 Issue 5, p267-275, 9p
Publication Year :
2015

Abstract

The article discusses a lack of legal safeguards for investors who are involved in purchases of financial investment products, and it mentions the need for legal reform measures in Hong Kong, China. According to the article, the collapse of the Lehman Brothers Holdings Inc. financial company impacted tens of thousands of retail investors in Hong Kong, China. A legal duty to act in the best interests of a client is mentioned, along with

Details

Language :
English
ISSN :
17426812
Volume :
30
Issue :
5
Database :
Supplemental Index
Journal :
Journal of International Banking Law & Regulation
Publication Type :
Academic Journal
Accession number :
102243692