Is HKSFC covering up banks' misselling frauds :

The complaint of Bank of China misselling frauds of non-Lehman related Octave Notes to SFC and these are the reply from HKSFC:

"We refer to your complaints .

If you had acquired your Octave Notes from Bank of China Hong Kong Ltd (BOCHK), BOCHK has agreed to review all complaints in relation to the structured products under the Special Enhanced Complaint Handling Procedures (ECHP).
If you have not resort to the ECHP, please take your concerns to BOCHK. If you have resorted to the ECHP and aggrieved with the outcome, you can take the matter to the HKMA or seek legal advice.
"

What is HKSFC meant by quoting ECHP procedures for all structure products, these are not ordinance as HK people are talking about the carry out of
SECURITIES AND FUTURES ORDINANCE - SECT 107
Offence to fraudulently or recklessly induce others to invest money

CCB of HK police has taken action in investigation on the sales persons of BOCHK and HKSFC should also taken actions to investigate about breaking of laws of BOCHK managements that have deeply involved in setting up and assist their staffs to carry out these crimes up to now. This is HKSFC duties to carry out the ordinance under law of HK for HK banks such as Bank of China but not to protect the banks against breaking of HKSFC ordinance. These matters should also be investigated by HK Ombudsman office of SFCHK actions as HKSFC is also controlled by HK Governemnt Finance Department.

Bank of China were selling CDOs/CDS to customers and these facts are hidden against the speech of all HK government top officials during 2008 up and up to now that no US housing market products were sold in these structure products in Legco hearings.