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September 23, 2008
High Notes : MAS Must Act!!!
Lucky Tan said:
More UPDATES : $110M of High Notes 5 was sold. If the average amount invested is $50k-$80K, more than a thousand people are affected. Someone is trying to organise a meeting... UPDATE 20 Sept 2008 : Tan Kin Lian has urged MAS to hold financial institutions responsible for "mis-selling" activities for such products.
Recommended by Anonymous Coward: "After the crumble of Lehman Brothers, some customers holding to DBS High Notes 5 were shocked to find out that their investment may be wiped out, to the context of "completely".
Some people perhaps may rally the support of other investors in the same portfolio to organise a meeting to settle the issue.
And he also quoted from Tan Kin Lian that MAS should step in to investigate about the matter."
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