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Hong Lim Park Roundup
Update: Videos added Yesterday evening, more than 700 structured product ‘investors’ met up at Hong Lim Park for a gathering. I suppose that was the biggest turnout ever at Speaker’s Corner. Mr Tan Kin Lian and Mr Leong Sze Hian addressed the crowd for a while before breaking them up into their respective groups. […]
MAS Sets Out Resolution Process and Timeline for Investors of Structured Products
MAS just released a statement providing the numbers of people affected by Lehman Minibonds, Jubilee Series 3 and DBS High Notes 5. The investment amount of each product was also given. More importantly, it gave out specific timelines to financial institutions who have received complaints. For holders of Minibond series 5 and 6, you might […]
Hong Lim Park Gathering for Structured Product Investors
The gathering for structured product investors has been confirmed: Venue: Speaker’s Corner, Hong Lim Park Date: Saturday 11 October from 5 to 7 pm. Topic: Petition to Singapore Government on Credit Linked Securities. Speakers: 1. Tan Kin Lian 2. Leong Sze Hian As a large crowed is expected, it may not be possible for some […]
Lehman Minibond on CNBC
A short clip by CNBC on credit-linked securities like Lehman Minibond, Jubilee Notes and DBS High Notes. CNBC Minibond Video
MAS Approach to Dealing with Sale of Structured Products
This evening, MAS isssued two statements with regards to the sale of structured products by financial institutions. MAS and Financial Institutions to Ensure Investor Complaints are Dealt With Quickly and Fairly MAS’ Approach in Dealing with Recent Developments Concerning the Sale of Structured Products Essentially, they have appointed three individuals to oversee the relevant FIs’ complaints […]