[Updated 18 Sep 2019: This reprimand has expired as it has exceeded five years since the issuance by MAS.]
Kishore M and his company Commerz Capital International Pte Ltd (“CCIPL”) has drawn a reprimand from MAS for:
- for holding themselves out to be a financial adviser without being a licensed financial adviser, exempt financial adviser, or person specified in the First Schedule to the FAA; and
- for carrying on business or holding themselves out to be carrying on business in the regulated activity of fund management without being the holder of a capital markets services licence or otherwise exempted from the requirement to hold a capital markets services licence.
Kishore conducts training seminars in the areas of forex, CFDs and stock trading, property investments and internet marketing.
You can refer to the MAS statement here:
MAS Reprimands Commerz Capital International Pte Ltd and MR Mansinghani Kishore Mirchumal
[Updated 18 Sep 2019: The reprimand has been removed from the MAS website as it has expired.]