Doing good but caught in crisis

Posted by on October 21, 2008 2 Comments

I think some of my industry players in the IFA industry may have to file for bankruptcy if they have to compensate their clients.

An independent financial adviser, in a letter to Mr Tan Kin Lian

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2 Responses to “Doing good but caught in crisis”

  1. one day 21 October 2008

    government and mas will not allow bankruptcy to hapen right? isn’t it mas duty to ensure these companies should not go bankruptcy because they are being regulated?

  2. Kang Ah Loo 22 October 2008

    Given that it is said that investors have to be responsible for their purchases (BlogTV mentioned it, and the leeaders too),

    I am extremely absolutely positively PESSIMISTIC if all these poor investors will get even 20% compensation.

    Sg is a pro-Business place. But who is more important – investors or Financial Institutions ? To me, its bluntly clear. sigh…

    Its time to work and save for retirement. All over again. Hope there is time left. :(

    We must hope for better years ahead.