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Minibond Gathering and Petition
Tan Kin Lian is organising another petition to the Prime Minister, Lee Hsien Loong, to ask for a general settlement for Minibond affected investors. You can sign the petition here. You can read the government’s reply to questions raised about the adequateness of the actions taken by MAS and the punishment meted out to the […]
Investigation Report on Structured Products Selling
Yesterday, MAS released their 99-page report on the selling of structured products by ten financial institutions. It detailed the process by which each financial institution sold the products, a tabulation of the amount of compensation received by investors, as well as actions taken against the financial institutions. Punishments include a ban of structured products selling […]
Lehman Linked Notes Compensation Tally
Based on the latest updates provided by MAS and reported by the Straits Times today, 67 percent of the 5350 complaint cases (mis-selling of Minibond, DBS High Notes, Pinnacle, Jubilee) dealt with by the financial institutions have been offered compensation. As at last month, $105 million worth of settlement was offered to 3600 of these […]
Filing of Minibond Claim With US Trustee
Last week, SIAS organised a seminar to provide information on the filing of claims with Lehman Brothers Inc. Lehman Brothers is in liquidation in the US and all creditors must lodge their claims with the US trustee, James W. Giddens, appointed under the Securities Investor Protection Act of 1970, as amended (“SIPA”) on or before […]
The Road Ahead for Minibond Investors
Minibond Investors The Road Ahead Seminar (Organised by MIAG) Date: Saturday, 21st March, 2009 Time: 3:00-5:00 pm Location: 5 min from Farrer Park MRT 60 Tessensonhn Road CSC Auditorium, Level 3 Singapore 217664 Take the lift beside the Booking Counter & turn left all the way at Level 3. Following Auditorium/Lehman MIAG Seminar sign For […]