SEOUL: Senior Minister Goh Chok Tong had words of reassurance yesterday for investors in Singapore who felt misled into buying structured financial products.

The Monetary Authority of Singapore (MAS) will ensure that the financial institutions which sold products such as DBS High Notes and Lehman Minibonds provide recourse to aggrieved investors, he said.

'MAS' job is to make sure that the (financial institutions) give them a fair resolution after a thorough hearing,' said Mr Goh, who is MAS chairman.

Unhappy investors demand DBS buy back low-value High Notes 2
by Francis Chan

INVESTORS who bought a similar product to the now worthless DBS High Notes 5 left dialogues with the bank yesterday unable to obtain the quick resolution they wanted.

They expected DBS to offer some form of 'blanket buyback' of the product but were told to lodge complaints if they felt misled into investing.

Almost 400 people who bought the High Notes 2 product attended two separate dialogues yesterday specially set up to allow worried investors to ask about their investment.