Yesterday, Lehman-linked investors have gathered again at the Speakers’ Corner in Hong Lim Park for a rally organised by Tan Kin Lian, former CEO of NTUC Income. In this Rally, Mr Tan touched on what to say when lodging a complaint; the treatment of investors which fall outside the ‘vulnerable’ group; and explanation on using dispute resolution center to seek redress on unsatisfactory compensation.
He also suggested investors to come together and seek an open forum with the Financial Institution that sold them the product. And warned the perils of collective legal action which he believed should be used as a last resort.
Finally, Mr Tan is starting his fourth petition addressed to the chairman of MAS. This petition request MAS to assist in finding a collective solution to the mis-selling by the financial institutions (if proven) instead of adopting the existing case-by-case approach.
Read more on the rally organised by Tan Kin Lian.
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