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
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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).
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