Hi Mr Tan,
I have purchased $10k of Pinnacle Notes Series 7. The current value is 0.01% I was offered 30% compensation. Should I accept or reject the compensation? Can I join the legal action after accepting compensation?
REPLY
You should accept a flat 30% compensation, WITHOUT handing over your notes, and WITHOUT deduction of interest. If interest is deducted, then the net compensation is quite small, so there is no point in getting this compensation. If you get compensation, you can still join the class action, but you must still hold the notes. Don't hand it over to the distributor.
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