Many banks are employing young people to be "Relationship Manager" or "Wealth Manager" to advice elderly people, with plenty of cash, in their investments. These RMs are not experienced in the world of investments and are giving bad advice to the elderly people, causing them to suffer large losses. The RMs main focus is to meet the sales targets. They are recommending questionable investments created overseas and are not suitable to be sold to unwary retail investors.
Read this sad story about the experience of "Nancy"
http://tankinlian.com/admin/file.aspx?id=720&IID=726
Nancy said, "Why are people in Singapore so dishonest nowadays?"
Read this sad story about the experience of "Nancy"
http://tankinlian.com/admin/file.aspx?id=720&IID=726
Nancy said, "Why are people in Singapore so dishonest nowadays?"
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