in what has been an eagerly awaited response to an appeal by dbs high notes 5 investors, the court of appeal has dismissed a bid by investors to retreive losses they incurred after buying into a highly complex financial product from dbs bank.
the court - comprising of chief justice chan sek keong and judges of appeal chao hick tin and v.k. rajah - released its judement today.
the collapse of lehman brothers in september 2008 resulted in more than 1,400 retail investors in singapore with massive losses of some $103 million worth of the dbs high notes 5 product.
my comments:
although i have no vested interests here and my empathies are with the dbs high notes 5 investors, consumers should always be alerted by the aeons old warning of "caveat emptor".
this is the basic principle that should guide anyone and everyone in terms of signing on ......in what has been an eagerly awaited response to an appeal by dbs high notes 5 investors, the court of appeal has dismissed a bid by investors to retreive losses they incurred after buying into a highly complex financial product from dbs bank.
the court - comprising of chief justice chan sek keong and judges of appeal chao hick tin and v.k. rajah - released its judement today.
the collapse of lehman brothers in september 2008 resulted in more than 1,400 retail investors in singapore with massive losses of some $103 million worth of the dbs high notes 5 product.
my comments:
although i have no vested interests here and my empathies are with the dbs high notes 5 investors, consumers should always be alerted by the aeons old warning of "caveat emptor".
this is the basic principle that should guide anyone and everyone in terms of signing on ......
