Petition to HK govern.

PETITION TO HONG KONG GOVERNMENT

1. We write to petition the HONG KONG Government, particularly the HK Police Force, SFC and the Monetary Authority of HONG KONG, to conduct a full and independent inquiry in relation to the credit linked securities sold by various financial institutions in Hong Kong. These structured products include the Lehman Minibonds, DBS Constellation, Morgan Stanley Octave Notes .

2. Hong Kong people, including the persons who have signed this petition, lost their hard-earned savings by investing in these financial products. Such products clearly did not suit the risk profiles of these consumers. The consumers were not made aware of the high risks involved in the financial product when buying the product. They became innocent victims of misrepresentation by the financial institutions that distributed the structured products.

3. We now wish to be assured that those who invested in such financial products have not been victims of negligent and/or dishonest conduct and/or fraud by these financial institutions.

4. The Government has a duty to ensure that investment products are marketed and sold appropriately in our jurisdiction. Such products must be sold in a manner compliant with the laws of Hong Kong. Financial institutions, including their respective key management, that do not follow the laws or regulations applicable to them must be held accountable for such breaches.

5. Please commence a full and independent inquiry into the sale of structured products by various financial institutions in Hong Kong. If the inquiry deems necessary, the Attorney-General of Hong Kong should act against these financial institutions.

6. We also ask the Government to help these investors to claim fair and adequate compensation from these financial institutions for their losses which are caused by the misconduct of these financial institutions.

7. We ask the Government to act now and restore the peoples' faith in our financial system

Sincerely,

The Undersigned