Reuters, 22 Sep 2008, Kevin Lim
"Tan Kin Lian, the retired chief executive of Singapore insurance firm NTUC Income, who advises investors through his blog, said many investors bought such products believing these instruments were relatively safe.
"People who would not take the risk of buying shares have been asked to buy these structured products," he said.
He also said authorities should examine the design of such products, which were often "grossly unfair" to investors in terms the risks and rewards.
"The odds are not balanced. You have a chance of losing $1 million, but you won't win $1 million. The structure would take away most of the profits and give you very little," said Tan."
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