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Hong Lim Park Speech 25 Oct 08
For the third Saturday in a row, investors of structured products (Minibond, Jubilee, High Notes) turned up at Hong Lim Park to gather and listen to Mr Tan Kin Lian. 500 Protest Lost Savings Straits Times Tan Kin Lian Speech (Part 1) Tan Kin Lian Speech (Part 2) Tan Kin Lian Speech (Part 3) Complaints […]
DBS High Notes 5 Compensation
DBS just released an announcement on their compensation offer for investors affected by the bankruptcy of Lehman Brothers. Since the collapse of Lehman Brothers on 15 September, we have been deeply concerned about DBS customers in Singapore and Hong Kong who have invested in structured products with Lehman as a reference entity and understand the […]
Legal Help for Structured Products Victims
Today, there was a newspaper report on some structured products victims seeking help from a lawyer, Leonard Loo. I am posting the following information from Leonard for those who are interested to find out more. He is organising a series of free no-obligation talks to meet up with investors. Do note that MAS has advised […]
MAS Press Conference on the Sale of Structured Products to Retail Investors
Yesterday night, Heng Swee Keat, Managing Director of MAS, made some remarks on the sale of structured products like Lehman Minibonds, DBS High Notes and Jubilee Notes to the public. These are some of his points: MAS has been working actively to ensure a fair resolution for investors. They are making sure HSBC Institutional Trust Services considers […]
DBS to Take Responsibility if Misselling is Involved
After all the efforts by the investors of structured products, we finally have the first financial institution to make a comment that is positive to investors. DBS has issued a statement that it would take responsibility if customers are able to give evidence of misselling in relation to products affected by the collapse of Lehman Brothers. […]