Ask MAS to provide guidelines on mis-selling

Dear Mr. Tan

Can you help to lobby MAS to come out with some guidelines on mis-selling. That will help ordinary man a lot.

For examples MAS can say the following situations are high likelihood of mis-selling.
1. Sold product the buyer not originally wanted
2. Concluded sale (such a complicated product) within 30 mins
3. Sold without going through line by line of the marketing brochure
4. Sold without giving prospectus
5. Prospectus was given after sale concluded
6. Sold on repetition of the Reference Entities but did not mention RISK of other link products (just mentioning link is not enough)
7. RM did not read prospectus before selling to the clients

I think you expect your doctor to read the details of the drugs before prescribing it to you or children? I just think that it is not right to sell by mis-representation, but eliminate their responsibility by thick documentation.

LKH

REPLY
I will post your views in my blog first. I will decide later on how to approach MAS.