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Is There Hope for Minibond Victims?
Many people have expressed their dispair or loss of hope at the way things are moving here in Singapore in resolving the Lehman Minibond issue. Letters to financial institutions have been received with non-committal replies. SM Goh Chok Tong, chairman of MAS, also made a statement (while he was in China) which on the surface […]
How to File a Dispute for Structured Product Victims
This post is for those who have purchased structured products like Minibond, Jubilee, DBS High Notes, etc. If you feel you have been mispresented or given inadequate advise and would have to seek compensation against the financial institution that sold you the products, you might want to refer to the following as a guide. There have […]
Minibond Victims Turn to MAS
Yesterday, a group of Minibond investors turned up at the National Library at 7pm to talk about their “Minibond woes” and discuss further action. As the meeting was arranged at a short notice, I had expected only a small group of investors to be at the meeting. Instead, I saw a big group of 100+ […]
Minibond Victims in the Press
These two articles about Lehman Minibonds “victims” came out in the Singapore papers today. I think it’s a good thing that journalists are picking up the story and helping to generate more awareness about the topic. Today Paper: Investors Turn to the Web Business Times: Move to help Lehman “Victims” Gather Pace (Accessible only after 6pm) […]
HSBC Trust Notice on Minibond Series 5 and 6
This notice by HSBC Trust on the Minibond Series 5 and 6 came out in the Straits Times yesterday (You can click on the images below to view). Essentially, what they said is this: The coupon payment that was due to be received on 22th Sep 2008 for Minibond Series 5 and 6 has not […]