Troubled investors of Lehman structured products get more organised
<cite class="auth">Channel NewsAsia - Sunday, November 2
</cite>SINGAPORE: Troubled investors in Lehman Brothers—linked structured products are getting more organised.
<!--Vendor: Yahoo, Format: Standard --><script language="javascript"> if(window.yzq_d==null)window.yzq_d=new Object(); window.yzq_d['ulIbTnxseNI-']='&U=13fjkaqfs%2fN%3dulIbTnxseNI-%2fC%3d687158.12903906.13202724.3272417%2fD%3dLREC%2fB%3d5489322%2fV%3d1'; </script><noscript>
</noscript>Over 500 gathered for a fourth time on Saturday at the Speaker’s Corner.
An informal group of Maybank customers is planning to hold educational talks by experts on how structured products work, and will hold its first meeting next week. The group is also planning to set up a password—protected online forum to facilitate discussion and allow them to talk more freely. Other investors shared their experiences of being interviewed by the banks. Some said it was as stressful as giving a police statement. They also urged those who had not yet lodged a complaint to do so. Some groups are still trying to organise forums with their banks. A group of OCBC investors said they were turned down, but are drafting another letter. The buzz at Speaker’s Corner over the past month has also inspired those not affected to help out.
— CNA/yt
<cite class="auth">Channel NewsAsia - Sunday, November 2
</cite>SINGAPORE: Troubled investors in Lehman Brothers—linked structured products are getting more organised.
<!--Vendor: Yahoo, Format: Standard --><script language="javascript"> if(window.yzq_d==null)window.yzq_d=new Object(); window.yzq_d['ulIbTnxseNI-']='&U=13fjkaqfs%2fN%3dulIbTnxseNI-%2fC%3d687158.12903906.13202724.3272417%2fD%3dLREC%2fB%3d5489322%2fV%3d1'; </script><noscript>
An informal group of Maybank customers is planning to hold educational talks by experts on how structured products work, and will hold its first meeting next week. The group is also planning to set up a password—protected online forum to facilitate discussion and allow them to talk more freely. Other investors shared their experiences of being interviewed by the banks. Some said it was as stressful as giving a police statement. They also urged those who had not yet lodged a complaint to do so. Some groups are still trying to organise forums with their banks. A group of OCBC investors said they were turned down, but are drafting another letter. The buzz at Speaker’s Corner over the past month has also inspired those not affected to help out.
— CNA/yt
