Singapore Regulator Issues Prohibition Orders Against Six Individuals

[kreslik.news]

The Monetary Authority of Singapore (MAS), Singapore’s central bank and financial regulatory authority, announced this Wednesday that it has issued prohibition warnings against six individuals. The six individuals, some of whom worked for Citibank and Prudential, will be proscribed from working in a variety of functions within the financial services industry.

MAS issues prohibition orders against anyone who engages in improper switching of client funds or forgery. The regulator also applies them to anyone that makesfalse or misleading statements to clients when providing financial advice and individuals who provide financial advice without due consideration of clients’ financial situation.

Today’s ... (read more)