I am the investor of both highnotes and minibonds. I strongly feel that we are the sacrified losers of these unethical financial products which are allowed to be named as "bonds". We are also misled by the rep of the financial institutions that these products were "approved by MAS" and hence they are "safe" and "low risk".
MAS should adopt a more critical view on these "rotten" products and insist on the followings:
1. All the products should label thier risk factors clearly, ie the consequences investors have to face in case there is a financial crisis occurs. In simple language ,investor will stand to loss how much at the end of the redemption.
2. All the products, like other stocks, should give periodical reports and reviews on the linked institutions. They should give proper advise or alarm to the investors so to let them understand the facts and make decision for early redemption or not. Other words, they should not cover up the facts and tell investors that the products are "safe".
3. MAS and the Banks have duties to look after the interest of the investors, not just to achieve the target of selling the products and make
profits out of the selling.
I suggest that you write directly to MAS. You can also get a few investors to sign a collective letter.
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