2
3.
Some complaints have been lodged by investors
The
who felt they had been victimised. In fact, the number of
complaints is very few, but this does not justify any lack
of concern on the part of the Administration.
practices adopted by the less reputable dealers to whom I
have referred are clearly undesirable and could affect the
reputation of the market.
4.
We are currently examining how best to effect
some measure of control. It is possible that the fringe
element of Loco-London Gold trading could be caught by the
provisions of the Gambling Ordinance in certain
circumstances and this aspect is at the moment under
careful consideration.
5.
If we are to introduce new measures that go
beyond our existing regulations in relation to trading in
the financial sector, then we need to ensure that we do
not impede the development of the reputable end of the
market. In trying to swat the irritable fly in the
kitchen we must be careful not to knock over the stove.
/6. The advice