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.
I think those people in the business of training need to be really careful about stating their credentials accurately.
You can refer to the MAS statement here:
MAS Reprimands Commerz Capital International Pte Ltd and MR Mansinghani Kishore Mirchumal
Kishore mentioned that he is currently appealing MAS’s decision.