Leave a Comment:
4 comments
Basically they have to report something to the public as a duty …. at the end, we are still left in the shits !
ReplyFor those who are interested in the investigation findings released by MAS yesterday, you can read more and download it here:
http://www.martinlee.sg/investigation-report-on-structured-products-selling/
I agree the ban is of token significance as
1) Most of them have already stopped selling structured products to retail customers anyway.
2) It has been specifically worded in the report that the ban does include the private banking units of DBS and ABN.
ReplyMAS – please get 100% of our money back from the bankdits !!! Who cares about the 6 months ban !!! Are you really helping us or is this just your smoke screen to divert the issue to help the banks absolve of their responsibility when they have clearly flouted regulations ???
ReplyMAS investigation on the structure product is out today.
See http://www.channelnewsasia.com/stories/singaporelocalnews/view/440970/1/.html
So is MAS going to fine the FIs? Nothing mention.
With so low compensation, what has MAS done for us?
Embarrasing nothing as compare to HK-MAS.
Sign….
Regards,
Reply