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Saturday, February 23, 2008

More Complaints on Unethical Financial Institutions

The Monetary Authority of Singapore (MAS) wants banks and other financial institutions in Singapore to assume greater responsibility in protecting the consumers who buy investment products from them.

The Financial Industry Disputes Resolution Centre received 531 complaints and 1,146 inquiries from July 2006 to June last year, up from 493 complaints and more than double the 538 inquiries received in the year before.

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