Thursday, July 16, 2009

Minibond Victims Petition to PM Lee 迷你债券苦主向李总理的网上请愿书

For those victims of banks and financial institutions mis-selling of structured products like Minibonds, DBS High Notes or Pinnacle Notes, the following is a new online petition started off by Mr. Tan Kin Lian to be sent to Prime Minister Lee.

The main thrust of the Petition is to get MAS to implement a similar
settlement to what is happening in Hong Kong, i.e. 60% now and 40% of
the maturity proceeds. This is reasonable and fair as the various investigations done by both MAS and HK SFC have indications that there are systematic mis-selling of these products to retail investors and fixed depositors.

Please help to spread the news about this petition.




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