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AK_Francis Supreme	08-Jul-2009 12:07        AK_Francis About Contact  Quote this Post! Style: Fundamental   Mood: Yells: "Happy go lucky, cheers."
x 0   x 0  Alert Admin	Below, latest wat AK hv. Wondering others FI, r they good?? Currently, tycoon Mr Neo is filing law suit against Citi. Bad ah, looking at d table, so many well educated investors not claiming. Those claiming ones, guesses they kena turned down loh. For sharing only. FI banned for 6 mths, wef 1 Jul 09             S/N Ins No of clients Sum incr(m) Legal File Compensated# 1 ABN-Amro* 870 120 637 262 2 DBS* 1083 137 873 197 3 Maybank* 2456 97.6 1757 1100 4 DMG Partners Sec 63 2.5 16 1 5 UOB KH 315 1.35 150 8             FI banned for a yr, wef 1 Jul 09                 S/N Ins         1 CIMB, 217 9.7 91 53 2 Kim Eng Sec 208 8.8 49 21 3 OCBC Sec** 1204 51.4 404 128 4 Phillip Sec 712 26.1 242 86             FI banned for 2 yr, wef 1 Jul 09                 S/N Ins         1 Hong Leong Fin* 2781 162 2284 2048             * bank    ** permanent banned from using Introducers    # No, ranging fr below 50% to Full compensation
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dcang84 Veteran	08-Jul-2009 11:58        dcang84 About Contact  Quote this Post! Style: Combined   Mood:
x 0   x 0  Alert Admin	I agree with article by Wong Wei Kong,BT toady(08/07) Its nothing more than a slap on the wrist. Hulumas      ( Date: 08-Jul-2009 10:47) Posted: Is that a "FINE SHOW"? singaporegal      ( Date: 07-Jul-2009 22:29) Posted: 10 barred from notes sale SINGAPORE - Singapore's central bank banned 10 financial institutions on Tuesday from selling structured products, saying the firms had sold notes linked to Lehman Brothers without ensuring their staff were properly trained. The 10 financial institutions are DBS Group , UOB Kay Hian , OCBC Securities, ABN AMRO (Singapore Branch), Maybank Singapore, CIMB-GK Securities, Hong Leong Finance , DMG & Partners, Phillip Securities and Kim Eng Securities. ABN, DBS, Maybank, DMG and UOB Kay Hian received the lightest ban of six months, while Hong Leong Finance was slapped with the heaviest penalty of two years, the Monetary Authority of Singapore (MAS) said in a statement.
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Hulumas Supreme	08-Jul-2009 10:47        Hulumas About Contact  Quote this Post! Style: Flexible   Mood: Yells: "INVEST but not TRADE please!"
x 0   x 0  Alert Admin	Is that a "FINE SHOW"? singaporegal      ( Date: 07-Jul-2009 22:29) Posted: 10 barred from notes sale SINGAPORE - Singapore's central bank banned 10 financial institutions on Tuesday from selling structured products, saying the firms had sold notes linked to Lehman Brothers without ensuring their staff were properly trained. The 10 financial institutions are DBS Group , UOB Kay Hian , OCBC Securities, ABN AMRO (Singapore Branch), Maybank Singapore, CIMB-GK Securities, Hong Leong Finance , DMG & Partners, Phillip Securities and Kim Eng Securities. ABN, DBS, Maybank, DMG and UOB Kay Hian received the lightest ban of six months, while Hong Leong Finance was slapped with the heaviest penalty of two years, the Monetary Authority of Singapore (MAS) said in a statement.
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AK_Francis Supreme	08-Jul-2009 10:20        AK_Francis About Contact  Quote this Post! Style: Fundamental   Mood: Yells: "Happy go lucky, cheers."
x 0   x 0  Alert Admin	After d Lehman, then some of d High Notes were got involved as well. Glad to see that some hard-earned $ had been solicited by some but pity for those who see no return. AK opines that there are still existing notes n others not affected structures products currently still managed n kept by d various FI/BK, including those 10 listed. Not sure, I still see few of them listed in d FI website. Not sure what would d follow up action by d FI, esp those sold UT to d young and old. Quite worry whether those amateurs understanding d initial 3-5% admin fee on d invested cap sum n subsequently d  yrly another admin fee of not less than 1.25-1.5%, if not mistaken. AK sold all d 5 UT invested in mid 07 owing to d above 2 main reasons. Ha ha, 2 of them r in d 10 black listed FI, except AIA(AIG?)???? Now, wash hand liao. But helping other old folks to monitor their portfolio. They were not prompted wat to do during d finance crisis. Surprise, one of them is d retired school principal leh.
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ten4one Master	08-Jul-2009 09:42        ten4one About Contact  Quote this Post!
x 0   x 0  Alert Admin	No big deal lah! Even without the ban, there isn't any structured product to sell in the Market. Therefore, it doesn't affect the said Financial Inst. at all !!!! Heavy fines would be more apt! Cheers!
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singaporegal Supreme	07-Jul-2009 22:31        singaporegal About Contact  Quote this Post! Style: Technical   Mood: Yells: "Female TA nut"
x 0   x 0  Alert Admin	Wow... the banned list covers many major players and most brokerages in Singapore
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singaporegal Supreme	07-Jul-2009 22:29        singaporegal About Contact  Quote this Post! Style: Technical   Mood: Yells: "Female TA nut"
x 0   x 0  Alert Admin	10 barred from notes sale SINGAPORE - Singapore's central bank banned 10 financial institutions on Tuesday from selling structured products, saying the firms had sold notes linked to Lehman Brothers without ensuring their staff were properly trained. The 10 financial institutions are DBS Group , UOB Kay Hian , OCBC Securities, ABN AMRO (Singapore Branch), Maybank Singapore, CIMB-GK Securities, Hong Leong Finance , DMG & Partners, Phillip Securities and Kim Eng Securities. ABN, DBS, Maybank, DMG and UOB Kay Hian received the lightest ban of six months, while Hong Leong Finance was slapped with the heaviest penalty of two years, the Monetary Authority of Singapore (MAS) said in a statement.
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