Monday, January 03, 2011

Regulation of TCM specialists

The papers reported that the Ministry of Health is now investigating TCM (traditional Chinese medicine) practitioners for operating as "TCM specialists" without a licence. Well done to MOH.

I am glad that MOH did not take the stand that this matter can be sorted out by the free market, that the public should be "educated" to decide on TCM  and that the public should "open their eyes" before they buy TCM from the so-called specialists.

It is right that MOH take the responsibility to regulate the practitioners and make sure that they are operating ethically in the interest of the public. I hope that MAS will also adopt a similar approach on financial products, especially those that are toxic and harmful.

Tan Kin Lian
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2 comments:

Unknown said...

I agree, although MAS regulation of financial products will face a tougher job. This is due to majority of financial products having online presence.

January 03, 2011 12:26 PM
zhummmeng said...

Insurance agents are calling themselves financial consultants, life planners or wealth planners etc but they are only salesmen and conmen.EG ntuc agents are calling themselves executive financial consultants but we all know they are koyok salesmen who peddle koyok products for commission.
Why does MAS allow these conmen and conwomen to pass off as financial experts when they are not. How tikam tikam exams make them financial experts? Can I be doctor by learning medicine from internet? It is very dangerous to allow people to misrepresent themselves as experts when they are not.It is cheating.
Can the insurance salesmen call themselves financial specialists?
MAS must regulate before more consumers get hurt by these conmen
peddling toxic koyok like wholelife and anticipated endowment products that poison the consumers' financial life.
Many are already poisoned. They are under insured and have no money for retirement and they are caused by these toxic products pushed by 'financial specialists' who call themselves executive financial consultants, wealth specialists, financial planners or life planners.

January 04, 2011 12:06 AM

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