Monday, October 20, 2008 23:37
MAS never said products are risk-free – MAS Dep Chairman
In TOC TV • 632 views • 5 Comments
From Straits Times report:
Mr Lim also addressed Mr Low’s question on whether structured products were low-risk or safe.
The Minister said that the product’s prospectus would have outlined the risks: ‘These are explained in the first page or second page , that these are structured products and it’s in bold print, that you can lose everything.
‘So MAS has never said that these are risk-free products or low-risk products or safe products.’
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5 Comments
wh173rav3n
The Singapore Daily » Blog Archive » Daily SG: 21 Oct 2008
[...] Notes and Minibombs – MAS: Reply to PQs on the Sale of Structured Products to Retail Investors [Vids][Comments @ TKL's Blog] – TOC: Loss of hard earned savings – TOC: Mis-selling 101 – a respond to [...]
sunp
All these goons are honor graduates from Shao Lin monastery, master of Tai Chi martial art.
SevenEleven
Mr TKL had said that the prospectus of the mini-bond cannot be found in the website of MAS while others can still be found. can MAS explained why that is so?
wakwank
Dang, is he reading a letter? Shouldn’t he like have this in the back of his head or something?

Situation Normal, All Fouled up – SNAFU!