Thursday, January 15, 2009

Investor wants to sue the relationship manager

Dear Mr. Tan

Seek your views on the following:
Q1 Can sue the RM personally for mis-selling and mis-representation, if I am not happy with FI investigation.

Q2 If I sue the RM, do you think the FI will defend her or the RM has to defend herself.

Q3 Do you think Leonard Loo is a possible choice, or get another lawyer?

Actually, money loss can be earned back. It saddened me that many uncles and aunties may not even know they are intoxicated OR those who are intoxicated may not know how to fight on ground of mis-selling and mis-rep which is a legal concept.

I think MAS is making it worst for investors. Imagine, we are cheated, now we have to prove that we are “idiot” ie “vulnerable or mis-selling or mis-rep” to get back our money?