Monday, October 06, 2008

Collective Action against specific distributors

I have received several requests to help identify investors of specific products so that they can get together to take collective action.

I need to have volunteers who are willing to take the lead to act against specific distributors. If you are willing to volunteer, send an email to kinlian@gmail.com.

Please provide the following:
1. Your name
2. Your email address
3. Your telephone number
4. The specific distrbutor

I will provide you the particulars of the investors who bought from that specific distributor. You have to contact them, talk to them, arrange meetings and find a lawyer. If this work is too heavy for you, you can get a few volunteers from the list to help you.

If you wish to arrange meetings, you can send details for me to post in my blog.

The people who signed the Petition bought from the following distributors:

Maybank 305
Hong Leong 245
DBS 145
ABN 116
Philips 55
OCBC 53
UOB 40
CIMB 14
GYC 12
SCB 10
Citibank 10
Amex 10
Kim Eng 7
HSBC 7
Alpha 7

4 comments:

Henry said...

Hi Mr Tan,

Is UOB Kay Hian listed under UOB in your counting of the distributor? Plse advise me as i do not want to be miss out in this collective action.

Anonymous said...

I have the same question - is UOB Kay Hian shown as UOB in your list? From what I understand UOB Bank did not sell the minibond.

Anonymous said...

Are you refering to DBS Bank- High Note? From what I know, DBS Vickers Securities has never offered third party structured notes to its customers.

DareToAct said...

I think it is important to protect investors against being further disadvantaged when dealing with the mini-bond issue. I am sure there are people out there trying to profit from the current confusion.

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