Thursday, August 13, 2009

Petition to PM on credit linked notes (7)

Petition.

Signatures as at 1 August: 650

The signing of the online petition has slowed down during the past weeks. An average of 10 people sign each day.

With the recent decision by Great Eastern Life to buy back their structured products, there is some hope of getting the banks and financial institutions to adopt the same settlement given in Hong Kong.

I urge all investors to put in a renewed effort to get more people to sign the petition and reach the target of 1,000 signatures.

Update as at 9 August: 716 signatures (average of 10 per day)