Reuters, 11 Oct 2008, Kevin Lim
SINGAPORE, Oct 11 (Reuters) - About 600 investors in Lehman -linked derivatives held a public meeting in Singapore on Saturday to protest about the way banks sold them the investment products and to discuss ways to get compensation.
Held at Speakers' Corner, the only outdoor area in the city-state where public meetings can be held without a permit, the crowd included several people who were sold products in July, when there were already concerns about Lehman's health.
"They never told me the issuer was Lehman and I told the manager I was afraid of American banks," said Lin Ling, who bought S$60,000 ($40,900) worth of Lehman-linked "Minibonds" from a Singapore finance firm that had marketed the structured notes as a safe alternative to fixed deposits.
Read More
