MAS welcomes the initiative from the Securities Investors Association Singapore (SIAS) to advise investors on some of the key points they should consider when they hear back from their financial institution (FI) as to the outcome of their complaint on their purchase of Lehman Minibond Notes, DBS High Notes 5 and Merrill Lynch Jubilee Series 3 Link Earner Notes. SIAS has put out its advisory following discussions with MAS. (Click here to view SIAS' advisory) The advice is well thought through and will be helpful to investors.
With the investors' interest is mind, MAS would like to urge investors to consider the points carefully before taking their case to FIDReC.
Shane Tregillis, Deputy Managing Director, Market Conduct, MAS said, "SIAS' advisory is timely as a large number of investors who lodged complaints are in the process of hearing back from their FI. This guidance will help investors make the right decision and bring about fair outcomes."