tag:blogger.com,1999:blog-11702093.post4320482948511584281..comments2024-03-28T22:56:40.743+08:00Comments on Tan Kin Lian's Blog: SCMP: Regulators have let down investors badlyTan Kin Lianhttp://www.blogger.com/profile/00617069056914635271noreply@blogger.comBlogger9125tag:blogger.com,1999:blog-11702093.post-63883132636170648212008-11-06T23:38:00.000+08:002008-11-06T23:38:00.000+08:00In this age of modern selling and modern politics,...In this age of modern selling and modern politics, Independent is the new word for Appearingly Not Dependent.<BR/><BR/><BR/>Enough Said.Anonymousnoreply@blogger.comtag:blogger.com,1999:blog-11702093.post-64791136755739770682008-11-06T22:06:00.000+08:002008-11-06T22:06:00.000+08:00MAS sucks....mis-selling and misrepresentation ha...MAS sucks....mis-selling and misrepresentation have going on for donkey years. From the banks to the insurance agents. It is a lie to say MAS didn't know anything. MAS will slowly act if there are complaints. But how many of the investors know how to complain. Without Mr. Tan's leadership maybe this fiasco would have been hushed up and swept under the carpet.Other than this I wonder MAS knows that there are many thousands and thousands of<BR/>insurance policyholders who like to complain against their insurance agents but didn't know how. Against insurance agents for mis-selling and misrepresentation, for unethical selling, for cheating, for packaging toxic products for them. If MAS is really serious about disciplining the market it has to do something about enforcement. <BR/>Set up a review centre for investors and policyholders to consult qualified financial planners for second opinion and also to check for mis-selling.<BR/>Especially for insurance policyholders it is important that they know what they bought immediately or sooner and not many years down the road when cancellation or surrender is difficult and put them in a dilemma. Earlier action against the insurance agents is cheaper.<BR/>I hope a body is set up to run this service by financial planners..Cases from here can be referred to FIDREC or CASE for legal suit.<BR/>This will sure eradicate the industry of dishonest and incompetent insurance agents.. This is nipping in the bud.<BR/><BR/>JayAnonymousnoreply@blogger.comtag:blogger.com,1999:blog-11702093.post-25802807975172468922008-11-05T14:26:00.000+08:002008-11-05T14:26:00.000+08:00HK asking for independent commission of inquiry, i...HK asking for independent commission of inquiry, instead of HKMA and especially the SFC investigating.<BR/><BR/>Because the chief executive of SFC already saying customers at fault without any investigation; may be he has undisclosed interests in investment banks ? That is why HK legislators insist for independent commission of inquiry.Anonymousnoreply@blogger.comtag:blogger.com,1999:blog-11702093.post-9058437000665350732008-11-05T14:17:00.000+08:002008-11-05T14:17:00.000+08:00MAS has also let down the consumers too. What is u...MAS has also let down the consumers too. What is use of having the power to enforce the laws on the FIs and the RMs when they have not been used since 2001. You must as well don't have them. It is sham, isn't it?<BR/>They only create suspicion and cause disquiet that there might be conflict of interest...It is disgusting to know that the FIs, the RMs , the insurers ,the insurance agents are freely committing malpractices like mis=-selling and misrepresentation every day under their nose and at the expense of the consumers and nothing is done by the regulator.<BR/>MAS is a great disappointment.<BR/><BR/>MAXAnonymousnoreply@blogger.comtag:blogger.com,1999:blog-11702093.post-14232295671047694952008-11-04T21:04:00.000+08:002008-11-04T21:04:00.000+08:00Was last week's Hong Lim Park gathering televised ...Was last week's Hong Lim Park gathering televised at all over TV? No and why?? Because some groups up there do not want further negative publicity that will lower the share price and cause headaches to authorities!Anonymoushttps://www.blogger.com/profile/17924217891129478003noreply@blogger.comtag:blogger.com,1999:blog-11702093.post-48578784883895017502008-11-04T18:40:00.000+08:002008-11-04T18:40:00.000+08:00There are not enough professional investors to go ...There are not enough professional investors to go around. Also these investors are also smart. So of course must go for any investor and go for volume lah!! If not, how else to make money?<BR/><BR/>But in the process, they also kill the market and the investors so no more such income, no more fat bonus and even need cut staff lah. At least can clean up their act.Anonymousnoreply@blogger.comtag:blogger.com,1999:blog-11702093.post-82477363596683408062008-11-04T17:43:00.000+08:002008-11-04T17:43:00.000+08:00This writer is what I would call a Journalist. The...This writer is what I would call a Journalist. The writers at our ST are mere reporters. I wonder why they can't write something like this article. I thought we have the best newspaper in Asia!<BR/><BR/>Nicholas LohAnonymousnoreply@blogger.comtag:blogger.com,1999:blog-11702093.post-33590846554685490672008-11-04T17:11:00.000+08:002008-11-04T17:11:00.000+08:00I am glad theres so much TalkSurely the Cows are c...I am glad theres so much Talk<BR/><BR/>Surely the Cows are coming home<BR/><BR/><BR/><BR/><BR/><BR/>No?Anonymousnoreply@blogger.comtag:blogger.com,1999:blog-11702093.post-10967213629660587692008-11-04T16:48:00.000+08:002008-11-04T16:48:00.000+08:00I know this article is about HK. But strangely I ...I know this article is about HK. But strangely I seem to be reading an article concerning SG. An odd sense of dejavu!Anonymousnoreply@blogger.com