Remisiers write to Tharman to resolve issues plaguing market
Widespread unhappiness sees more than 1,000 stock traders, investors put pen to paper asking for separation of SGX roles, restoration of trust in market
Add BT as a preferred source
Singapore
OVER 1,000 remisiers and investors have come together to appeal to Deputy Prime Minister and Finance Minister Tharman Shanmugaratnam to help them resolve a wide range of issues plaguing the industry.
In a Jan 15 letter to Mr Tharman, they expressed unhappiness with the state and direction of the local stock market and urged immediate changes. Titled "Urgent Measures Needed to Rebuild Confidence in the Singapore Stock Market", the letter was written by investment specialist at a local broking house S Nallakaruppan and carried 1,225 signatures, mostly from retail trading representatives (TRs).
TRENDING NOW
Profit with purpose: Kim Choo Kueh Chang’s pivot from public listing to protecting heritage
Singapore Kitchen CEO, senior manager charged with alleged fraud, falsifying accounts; both to stay in jobs for now
Yeo’s, Tiger Beer and now Gardenia – flight of food manufacturing from Singapore might be just as planned
Should you sacrifice some CPF Life income in favour of ILPs? Tread carefully
