tag:blogger.com,1999:blog-11702093.post8233301184932462156..comments2024-03-28T22:56:40.743+08:00Comments on Tan Kin Lian's Blog: SCMP:Treat us the same as minibondvictims, say Octave Note buyersTan Kin Lianhttp://www.blogger.com/profile/00617069056914635271noreply@blogger.comBlogger1125tag:blogger.com,1999:blog-11702093.post-74475409713994033272009-07-22T19:13:29.636+08:002009-07-22T19:13:29.636+08:00So, it is called Octave Notes in Hong Kong and Pin...So, it is called Octave Notes in Hong Kong and Pinnacles Notes in Singapore. See this is what those greedy no conscience investment bankers are doing. Luckily other countries (besides HK and Singapore) did not take the bite, otherwise what sort of other names will be thrown out to disguise the widespread sales of such products. This type of structured notes are new in the market, with all the risks hidden from the investors and the rewards prominently displayed in the advertisement materials. Furthermore, the product name is a misnomer, called "notes" when they are actually synthetic CDOs, credit default swaps, derivatives, etc, Furthermore, these products are then distributed through local FLs whom the public recognised and trusted. Surprised that the Govt did not take any action against such banks after by now should have discovered what these banks are doing with those products sales here. Govt should banned them for two years from doing any business here, etcConcernedhttps://www.blogger.com/profile/03924930368405438052noreply@blogger.com