Tan Kin Lian's Blog: Invitation to investors who bought from UOB Kay Hian

Sunday, November 16, 2008

Invitation to investors who bought from UOB Kay Hian

We would like to invite investors who invested structured products (Pinnacle Notes, Minibonds, Jubilee, etc) through UOB Kay Hian to join our contact group. Many of us have a frustrating experience with UOB Kay Hian individually and we believe we can engage UOB Kay Hian more effectively as a group.

Please send us an email at uobkh.group@gmail.com, indicating your full name, email and phone contacts and type of products bought. Thank you.

Regards,
UOB Kay Hian Investors Group

4 comments:

Anonymous said...: They will NOT entertain you as a group

Even if you are able to set up appointment, when on site last minute, they will inform you they would speak with you individually in separate booths or settings

If not, then they wont speak to all of you all at one go UNLESS they are intend on THEM TELLING YOU SOMETHING, making an announcement etc

Whether you would accept what they are telling you is beside THEIR point; November 16, 2008 12:04 PM
Anonymous said...: To: All Investors,

Pls ask your FI for a copy of ALL documents that you signed, preferabky BEFORE going for the interview. There have been some cases where the FI's copy of the risk profile form contain additions and/or modifications that were not reflected in the investor's copy. This is highly irregular.

During application time, the RM typically asked some random questions which were ticked on the form. The investor then signed the form, and the RM gave investor his copy on the spot. Later on, the RM filled up the balance of the form with info in his favour. This additional info was not made known to investor upon signup.

The investor has unknowingly signed a "blank check". The RM should get the agreement of the investor for any additional notes he plans to add, but he did not.

From a legal standpoint, can one argue that the risk analysis form is invalid, and hence the entire purchase agreement in null and void?; November 16, 2008 7:49 PM
Anonymous said...: I think talk and talk will get the same answers or "non-answers". My suggestion - lets meet together and work on possible Class-Action. Its the only way to get answers, and closure, even if we lose the case.

Can as many 'Pinnacle Series 2 investors pls. contact me at:
cslim123@signet.com.sg

I want to get a small pro-tem committee of Series 2 Noteholders going and we take it from there. I have a plan - but will have to take it step by step. First step is to get a Series 2 'pro-tem committee' set up.(call it 'group' if you like) for Series 2. The same formula can work for others series- but we have to be organised by Series to have a common platform - irrespective of where you bought the Notes from.

Tks; November 16, 2008 9:23 PM
Anonymous said...: "can one argue that the risk analysis form is invalid, and hence the entire purchase agreement in null and void"

The short answer is No, risk analysis form is risk analysis form, purchase agreement is purchase agreement

there is no legal binding between them

just like owning a receipt and a wty card, one doesn't necessarily mean the other. BUT receipt is always proof of purchase, aka purchase agreement; November 17, 2008 12:29 AM