Supplements
                Unsigned Heaven     Travel World     The Cheers News     Forum    



Are you so sure, Mr Tan Kin Lian

By Crystal Tein, thecheers.org    2008-10-12 11:35:54    

Give specific names of financial institutions and relationship managers as solid evidence of misleading customers into buying financial products linked to Lehman Brothers
On October 12, 2008, The Straits Times ran a front cover story citing Mr Tan Kin Lian, the former chief executive officer of NTUC Income of financial institutions and relationship managers misleading individuals into buying Lehman Brothers linked financial products.

From my own knowledge of financial products, every form of investment involves a certain amount of risk, even stable ones like property and unit trusts. From my own dealings with financial professionals, when they were convincing me to buy financial products, all enquired about my salary, expenditure, financial goals and my degree of risk aversion. All financial professionals also warned about the degree of risk involved in each financial product. Under Singapore law regulating the financial industry, all financial professionals must be trained and certified before selling financial products, which means they need to take and pass an examination.

Perhaps there were a few black sheep among the financial professionals selling Lehman Brothers products. I don’t know. However, are you so sure that that all 983 signatures of individuals you collected on the petition to the Monetary Authority of Singapore were misled, Mr Tan Kin Lian? And even so, what about others outside of the 983 please?

In short, if you are so sure that there was misleading involved, cite specific names of financial institutions and relationship managers please, Mr Tan Kin Lian. Otherwise which, this looks like a crass sweeping statement of an article ran by The Straits Times.

Crystal Tein, The Cheers News

Click for more News about Are you so sure, Mr Tan Kin Lian

TAGS: Asia-Pacific   

The Cheers NEWS is looking for new local reporters


more
“I want to transfer some of my salary into your account to evade income tax.”

An age-old way of evading income tax is now “creating” jobs in Singapore.

Employers has the last say in hiring decisions

Who decides who gets the job is not the Singapore government’s role

Sexual peep-a-boo advertisements
22.Jun 2008
Advertisements are gerry-mandering around Singapore’s strict censorship laws on...read

Decentralization of Singapore's office
15.Jun 2008
The island city is currently in the middle of a silent protest against office r...read

The transport divide
31.Mar 2008
The transport divide reflects income divide within Singapore....read



Some Singaporeans profiteering from foreign workers and CPF

You want to choose your religion? Ok.

A double take at Singapore's jaywalkers

Singaporeans are eating leftovers

The Straits Time report on theft in clothing retail outlets.





The Cheers magazine: About us | Contact us | The Cheers Story | Advertising
Work with The Cheers: Writers guide | Write for us | Writer application | Reporter application 
The Cheers:Terms and conditions | Privacy policy | Sponsoring | Sitemap
Sister sites: Tech Blog |  Best Auto Zine | Travel destinations by weather | Okai - critical commentary | Stock trading game | Wifi hotspots and wireless laptops | The Daily Bonk | Best Poker Zine | Business thoughts | Political commentary | Most expensive things | World News in ShortTop 10 listsPolitically incorrect blog
Listen: Online radio station
Travel World: World travel locations
Travel: Travel blogs | Travel destinations | Hotel reviews | Beer around the world
Watch: Watch series online
Trade: The Stock game | Trading competitions | Trading education
Entertainment Blogs
Entertainment blog
Copyright © 2004-2012 The Cheers magazine / Are you so sure, Mr Tan Kin Lian





web stats