<TABLE cellSpacing=0 cellPadding=0 width="100%" border=0><TBODY><TR>Questions on investment products rally
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Mr Tan (right) speaking to investors at a rally on flawed investment products at Speakers' Corner last month. He organised a fifth rally there last Saturday. -- ST PHOTO: CHEW SENG KIM
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<!-- START OF : div id="storytext"--><!-- more than 4 paragraphs -->MR TAN Kin Lian organised yet another rally last Saturday, this time to assist investors to redress their injustices over the collapse of the Pinnacle Notes 9 and 10 series by Morgan Stanley. Too many people are taking advantage of the situation to get back money from what they knew was a risky investment.
For example, last Sunday's report about Mr Tan's Saturday rally, ('Angry investors seek action') featured a quote by Ms Lilian Tan, a manager, and Mr Chang Foo Choon, a businessman who had invested $500,000 in the Notes.
Surely, Mr Tan cannot argue that these two people, who are neither elderly nor uneducated, should be entitled to their money back.
=> What about the $16M lost by this Chua dog's owners? Surely, Sporns are entitled to get back their $ and his owners be held accountable and kicked out?
I assume that someone who has been in management and someone who has run his own business and can afford to invest half a million dollars are aware of the risks of investment. Is Mr Tan organising the rallies at Speakers' Corner for purely altruistic reasons, or is he organising them to help his colleagues in his position as a writer of The Online Citizen, a website which is well known to have an
anti-government stance?
=> Define anti-govt!
It was not too long ago that Mr Tan was the chief executive officer of NTUC Income and his own agents adopted the same practices which he now deems unscrupulous.
Why did Mr Tan not tell his agents to practise more ethics then, when he was CEO?
And why is he protesting against local banks and the Monetary Authority of Singapore and not taking his fight to Morgan Stanley? Is it also aimed at politicising the matter?
I urge the Government and the banks not to cave in to the political solution of reimbursing all investors.
=> Would he say the same thing if he or his relatives kena?
Chua Sheng Yang
