A few investors have asked me to engage a lawyer to sue the financial institution collectively. They have lost trust in tbe MAS complaint process and FiDREC and believe that it will be a waste of time, leading to no compensation.
I will be contacting some lawyers. If you know of any lawyer who is willing to act, please send the name, email address and telephone number to kinlian@gmail.com.
Even if you have to engage a lawyer as a last resort, it is advisable for you to lodge your complaint according to the current arrangement, as set out in this MAS advisory:
http://www.moneysense.gov.sg/contact_us/Consumer_Portal_Contact_Us.html
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