Up to one-third of recommendations by financial advisors in a mystery shopping exercise were ?clearly unsuitable', according to preliminary findings by the Monetary Authority of Singapore (MAS). MAS also announced panel members of the Financial Advisory Industry Review, which will be chaired by MAS' assistant MD for capital markets, Lee Chuan Teck. The panel includes SMU Lee Kong Chian School of Business Deputy Dean, Professor Francis Koh.
The Business Times