This is not the first time, when will it be the last?
Investor sues DBS over option advice
SINGAPORE - A Singapore businesswoman, who lost US$6 million (S$8.4 million) in forex trades, has sued DBS Bank, seeking to restore her accounts to their levels before the bank closed out her trading positions.
Ms Florence Suryawan, 53, alleges that the bank had misled her into buying options meant to protect her against volatile forex markets.
These options, which work like insurance, turned out to be "useless" for hedging her investments.
After DBS closed out her positions, the total balance of her accounts with the bank fell from US$6.2 million to about US$410,000.
