Posted in another Forum
Some people have been warned by the police against protesting outside DBS’s Shenton Way headquarters. For those who wish to take effective action, I urge that you first master your own emotions before fighting back. How would breaking the law help you? If even a small group of investors were arrested, it would terrorize the rest into sullen submission. Any attempts at trying to build a case or even to win public opinion would collapse. Do not allow yourself to be used by people with other motivations. There are groups that wish to expand their anarchical ranks and would happily urge you to break the law, but I ask that you stay within the law.
Even though the contracts that have been signed appear to be ironclad, a case of misrepresentation can still be made if it can show that the employees of the financial institutions deployed deceptive sales tactics. Misrepresentation is a criminal act and the investigation and legal prosecution of it would be undertaken by the state via the Commercial Affairs Department and Attorney General. It is not a civil representative lawsuit hence there are no legal liabilities which you need to pay. The penalty for misrepresentation is up to seven years jail.
But in order to motivate an investigation, it is necessary to first make a case that misrepresentation has occurred. To do so would require a concerted effort on the part of investors in gathering evidence that can be used to persuade the authorities and the public. The chances of success maybe slim, but if investors were to throw themselves against the rocks in the name of justice, then the chances of success would be zero. Do not do what many stupid and selfish politicians in Singapore have done and seek self destruction when an intelligent and courageous drive to uncover the truth is needed. More than ever, you need to endure and stand tall.
- ► 2019 (1839)
- ► 2018 (1406)
- ► 2017 (1258)
- ► 2016 (828)
- ► 2015 (691)
- ► 2014 (144)
- ► 2013 (501)
- ► 2012 (1269)
- ► 2011 (1873)
- ► 2010 (2369)
- ► 2009 (1654)
10/12 - 10/19
- Breach of the law - arguments
- Speech at Speaker's Corner - 11 Oct 2008
- Fall outside "vulnerable investors"
- Statutory declaration - Glenn Knight
- Lost the sense of bonding and togetherness
- Today: Man with a Mission
- TV news on MAS conference
- Investor meets HSBC Trustee
- Prompt reply to help "lost" investors
- Interview with Zaobao
- Interview with Today Paper
- MAS Media Release on Structured Products
- Meeting at Speaker's Corner 18 Oct, 6-7 pm
- Ray of light and hope
- Act with honour and integrity
- HKMA refers Lehman cases to regulator
- Dow Jones: Hong Kong banks will buy back mini-bond...
- Appeal to Financial Institutions - settle through ...
- A new financial system - back to the safe old days...
- Ponzi Scheme
- Caring and responsible country
- Petition to MAS - review sales training and market...
- HK: Tsang vows to get justice for minibonds invest...
- Petition to investigate the sales training
- Who let the sharks in?
- Fearful about speaking
- MAS International Advisory Panel (IAP)
- Impact of an offer to settle
- Hong Kong Chief Talks Tough on Minibonds - Bravo
- Request for MAS to give an update on the Petition
- Statement by DBS CEO
- Negotiate with financial institutions
- Hong Kong: Minibond fix may prove a risky business...
- New "petition" to collect particulars of investors...
- Jubilee Series 3 LinkEarner Notes
- Facilities at Speaker's Corner
- Strategy Committee for CLS
- Statutory declaration - 2 lawyers
- Statutory declaration - FiDREC
- Take collective legal action now?
- To the victims - be strong
- Caveat emptor: A licence to cheat
- Individual advice
- Specific product or distributor
- Effort to help the victims
- Meeting of High Notes investors
- The Online Citizen
- Ignorance and greed
- Protest outside DBS headquarters
- Leveraging and greed
- DBS will take responsibility, in some cases
- DBS to settle case by case: Rebecca Lee
- Look at the Product Advice
- Sales representatives did not know - misrepresenta...
- Hong Kong Lawmakers Criticize Bks Over Lehman-Back...
- FAQ from investors (1)
- Concern about disorderly behaviour
- Sales representatives should tell the truth and ad...
- HK legislators criticize regulators over bonds
- Credit linked securities were highly risky, even i...
- Low cost investment funds
- Elected President of Singapore
- Hit by Forex Losses
- Dual Currency Deposit (DCD)
- Weekly Speeches at Speaker's Corner
- Tan Kin Lian's speech at Speaker's Corner
- Minibond invetors are not risk takers
- Big loss on dual currency investment
- Forex or dual currency transactions
- SCMP: Banks risked reputations, watchdog says
- Nadya "Speaker" Zagarodnova
- Send this message to your Member of Parliament
- Weekly meetings at Hong Lim Green?
- Why the credit linked notes are highly risky
- Speaker's Corner - 11 October 2008
- Panic of AIA policyholders
- New blog for investors of Credit Linked Securities...
- STI Exchange Traded Fund
- Investing in difficult times
- Speech at Speaker's Corner: 11 Oct 2008
- Channel News Asia - report on Speaker's Corner
- Hong Kong: DBS first bank to repay bonds
- UOB Structured Notes
- Structured products are not sold in the UK
- Blogs for investors
- Volunteers to lead groups of investors
- Fight for the weak
- You have to take the risk and bear the loss
- Upset investors turn up at Speakers' Corner
- Greedy for profits
- ▼ 10/12 - 10/19 (90)
- ► 2007 (1803)
- ► 2006 (696)
- ► 2005 (159)