Two months ago, the New York State Attorney took action against several financial institutions for marketing the "auction rate securities" to retail investors on the representation that they are liquid investments and can be redeemed at any time. The financial institions had to buy back these securities at no loss to the investors.
I hope that the Monetary Authority of Singapore or the Attorney General can take similar action on behalf of retail investors who had been misled into investing in the Mini-Bonds and similar structured products by their bank's relationship managers in the belief that these investments are safe.
It is time to hold the financial institutions accountable for their mis-selling activities and for our regulators to be pro-active.
- ► 2017 (885)
- ► 2016 (828)
- ► 2015 (691)
- ► 2014 (144)
- ► 2013 (501)
- ► 2012 (1269)
- ► 2011 (1873)
- ► 2010 (2369)
- ► 2009 (1654)
09/14 - 09/21
- Biggest gamble in history - Credit default swaps
- Singapore banks and short selling
- Credit Default Swaps (CDS)
- Call to MAS to take pro-active action
- Minibond Series 6
- Pinnacle Notes and MiniBonds
- Avoid complicated products
- Foreign currency exchange rates
- Pinnacle Notes
- Mini-bonds - ask MAS to investigate
- DBS High Notes
- True cost of life insurance
- Fake Money
- Poor conversion rate for Foreign Currency
- Double standards
- How far more for the ST Index to fall?
- Beware of Scams
- On My Own
- Eligibility for an Eldershield claim
- Eldershield - is it worth insuring?
- Do you need life insurance for the whole of life?
- Eldershield - benchmark figures
- Term insurance - is the premium proportional?
- Do you hear the people sing
- Is your money safe with AIA ?
- Guaranteed drawdown pension
- Distress over an investment linked policy
- Specific Unfair practices
- Consumer Protection (Fair Trading) Act
- Are Consumer Protection Initiatives Meeting Expect...
- ▼ 09/14 - 09/21 (30)
- ► 2007 (1803)
- ► 2006 (696)
- ► 2005 (159)