Monday, October 06, 2008

File a police report

A lawyer suggested that investors should file a police report against the representative (of the distributor) who misled them into buying the structured product. Several investors can file the report together. This will get the police to investigate and act.

http://tankinlian.blogspot.com/2008/09/have-you-been-cheated.html

In Hongkong, the investors have filed a police report and the police have started investigation.
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3 comments:

Anonymous said...

Misrepresenting and misleading is
tantamount to cheating and it is a penal offence because there is an intention to cheat the consumers into parting his or her money..
Consumers who feel that they have been mis-sold by bank consultants or insurance agents can file a police report for cheating.

October 07, 2008 12:16 AM
Anonymous said...

This sound a good move, especially for those who cannot read or speak english and those retiress and old folks who invested their life savings in these products believing them to be safe. These are people very unlikely to be aggressive speculators and they only want a reasonable return for their investment. It will be easier for them to convice the police that they have been mis-sold the structured products.

October 07, 2008 10:47 PM
Anonymous said...

Yes.
Old folks or retirees whose children have grown-up have nothing to fear, and nothing to loss.

October 08, 2008 8:41 AM

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