No matter if you had claimed back 8% or 5% of the commissions, I guess you would still have lost of your investment, wouldn't you?
In the present situation, what MIS investors could all get back is nothing, or next to nothing. So why not go for the class action against your planners?
TIM and GTP planners/advisors have earned hundreds of $millions from MIS commissions. Some of them might have earned $1 million from you and just put back $50,000 back to the MIS schemes, and now they are crying victims as you. Why not let them return at least what you paid them, even if it was 2% or 5%??
TIM and GTP were really Ponzi frauds which conned investors and shareholders $billions of money. But the ASIC/government refuse to protect you and to bring the culprits to justice. This is why we are suffering. It's no use just to complain and complain and complain, it needs action!
TIM Price at posting:
4.4¢ Sentiment: None Disclosure: Not Held