Educate the public about the structured products

Hi Mr Tan,

I am a HN2 investor and had attended the HN2 dialogue arranged by DBS. A lot of investors brought out their cases of how they were misled by the RM and bought the product. The DBS VP gave the standard answers in different forms by asking the individuals to sending in complaint and they will investigate case by case. Cases with evidence will be compensated with different amount.

Obviously this is "divide and conquer". Everyone complaint about their RM. Nobody complainted about DBS, the creator of the product. As a whole, this dialogue is just a SHOW put up by DBS. I think the VP is very happy that the focus is on the RMs and not DBS. I am very angry and disappointed.

I have brought out the question of whether it is a leverage product and whether it is a suitable product for general public. But no answer from him.

I feel that not many of the investors have realized that this is the DBS fault of creating such a toxic product and well packaged to be sold to investors who do not have much knowledge in the derivatives. (In fact even the university lecturer in Business got trapped.) It is regardless of whether you are educated or not, above age 62 or not, speaking only Chinese or not!

I have a suggestion here that shall we revealed to the public via media WHAT HN5 AND HN2 ARE. Show them what an expert had analyzed both in the technical and layman terms. Only in this way that we can make everyone understand how toxic the products are. Only in this way that we can tell those people who are un-empathized, and obviously not directly involved to shut their mouth.

We must not only be united within us, we must reveal everything to all Singaporeans and get all Singaporeans who have conscience to be united and don't get bullied by such an entrusted business giant.

Mr Tan, hope that you can advise us what we should do next so that DBS and MAS would face the problem and return to us, thousands of Singaporeans, a justice.

Many thanks again to what you have done for us!

LK