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Minibond Track B: Catching Up With Hong Kong
I’m posting this on behalf of HK5D, who would like to find volunteers to work with him in maximizing the value of the Minibonds. More updates to follow later in the week. By HK5D Hi, I attended the gathering at the Speakers’ Corner yesterday. It was great to have someone like Mr. TAN Kin Lian […]
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. […]
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 […]
DBS Hong Kong Might Offer Full Compensation to Minibond Holders
South China Morning Post reported that DBS Hong Kong might pay full compensation to Lehman Minibond investors if they can prove they were mislead during the sales process. DBS has assigned 100 staff to review the 300+ cases. DBS said if they found any cases where the investor was mislead about the investor product, they […]