The Online Citizen spoke to Mr Ng, who invested and lost about $150,000 of his savings when investment bank Lehman Brothers collapsed. Mr Ng had repeatedly clarified with his relationship manager (RM), before he bought the High Notes 5 product, that it was risk-free. He is now in the process of filing a complaint with his bank.
For personal reasons, we have obscured Mr Ng’s identity.
Read also: DBS ‘High Notes 5’ Investors:They pumped in life savings and now feel cheated. (Straits Times)
Note: Mr Tan Kin Lian will be updating investors at Hong Lim Park this Saturday at 5pm to 7pm. Visit his blog here for the agenda for this Saturday’s gathering.