Wednesday, December 31, 2008

Results - Mis-selling of credit linked notes

Based on 58 replies

2. Which notes did you invest in?
Minibond 29
High note 12
Pinnacle note 11
Jubilee note 3
Other note 3

3. Which distributors did you buy the notes from?
Hong Leong 23
DBS 13
Maybank 9
OCBC 3
Philip Sec 2
ABN Amro 1
Other 7

4. How much did you invest?
Less than $25,000 10
$25,000 to $50,000 18
$50,001 to $100,000 16
$100,001 to $200,000 11
More than $200,000 3

5. Have you lodged a complaint with the distributor?
Yes 55
No 3

6. Have they made you an offer for compensation?
No offer yet 35
Rejected my complaint 20
Offer 0 to 30% 0
Offer 31 to 50% 1
Offer more than 50% 1

7. How long did they take to make their decision, from the time that you lodged the complaint?
Less then 4 weeks 8
4 to 8 weeks 17
More than 8 weeks 21

8. Was the distributor fair in attending to your complaint?
Yes 15
No 30

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