Saturday, October 11, 2008

Speaker's Corner - 11 Oct 2008

An estimated 1,000 people turned up at Speaker's Corner. I spoke two times at 5 pm and 6 pm. Many of the investors met other investors who invested in the same product. Most investors told me that they are risk adverse and were misled into investing in the structured products. They could not imagine that the products could be so risky. Some of the investors cried.

I advised the investors to get a lawyer to prepare an affidavit to support their complaint to the financial institution. They can find their lawyer and use this template:

http://tankinlian.blogspot.com/2008/10/affidavit-statement-made-under-oath.html

They can also approach the lawyer mentioned in my blog and get the affidavit signed for $120.