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SocGen extends one-off payment after protest by investors of SIA shorts

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Published Tue, May 12, 2020 · 09:50 PM

Singapore

SOCIETE Generale (SocGen) is extending a single exceptional payment as a "goodwill gesture" to investors of the 5x Short Singapore Airlines (SIA) daily leverage certificates (DLCs), after some of them protested against what they saw as the lack of timely disclosure and unfair pricing by the investment bank.

The Singapore Exchange has also said that it has commenced investigations into the matter.

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