Credit Suisse sued by retired stockbroker over US$26m investment losses in 2008

SRP News, 05 September 2017

Koh Kim Teck, a retired stockbroker from Malaysia who lost S$35.1m (US$26m) in investments with Credit Suisse during the 2008 financial crisis has filed a law suit in the High Court of Singapore against the Singapore branch of the Swiss bank for breaching its duties and failing to manage his private wealth account with care 'when giving advice and/or providing information' in relation to high-risk structured investment products, including knock-out discount accumulators (Kodas) and dual currency investments (DCIs), which were purchased on the defendant's advice.

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