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500 protest lost savings
Sun, Oct 26, 2008
The Straits Times

By Gracia Chiang

For the third week in a row, about 500 investors gathered in Hong Lim Park eager to find out how they can seek redress for Lehman-linked financial products they claim were mis-sold to them.

Organised by former chief executive officer of insurer NTUC Income Tan Kin Lian, the rally was intended for those who had sunk their money into such products to band together and exchange suggestions.

Unlike the previous two Saturday rallies which saw mostly Mandarin-speaking and older investors, many who showed up on Saturday evening were those who did not fall into the 'vulnerable' group which financial institutions have said they would focus on when compensating investors.


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