In recent days, the Monetary of Authority of Singapore (MAS) has issued at least three press statements to address concerns raised by investors of structured products. I have read that independent parties will now deal with the complaints of such investors and review the calculation of payouts offered by at least one financial institution.
Such moves are unprecedented by MAS and the financial institutions. The collective reaction is probably intense enough to prompt them into such action.
I have also heard that some persons believe that they have been cheated into purchasing these products and are victims of illegality.
I am not sure how true this is. I have not read any reports of the police commencing an investigation into the incidents. Such claims can only adversely affect our financial system.
Nevertheless, if you feel you are the victim of an act that you think is a criminal offence, make a police report. Let the police (in particular here, the Commercial Affairs Department) investigate the incident and clear the air.
This is perhaps more constructive than merely protesting someone cheated you.
Please consider the environment - do you really need to print this?