31 Dec '11, 10pm

More people will fall into the same trap

I received a desperate plea for help from an widow who lost a lot of money on failed investments made on the advice of the relationship manager of a bank. The victim was advised to invest in dual currency and other linked products on the assurance that they were "safe". The bad advice was given in spite of her constant reminder to the relationship manager that she did not want to take risk! I gave this reply to her. I have come across many cases that are similar to yours. It is indeed very sad that our Government allowed this type of environment to continue for so long and does not step in to check the abuse. The only way for a victim to get justice is to take the case to court. Here the odds are overwhelming. It is costly to fight against the big legal firms engaged by the bank. Furthermore, the court tend to apply the law rigidly and hold the victim responsible for signi...

Full article: http://tankinlian.blogspot.com/2012/01/more-people-will-f...

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