MAS reprimands JPMorgan for SFA, FAA breaches
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Singapore
JPMORGAN Singapore was reprimanded on Wednesday by the Monetary Authority of Singapore (MAS) for contraventions of the Securities and Futures Act (SFA) and the Financial Advisers Act (FAA).
The bank had permitted two representatives - who were not appointed or provisional representatives - to provide financial advisory services on its behalf from Nov 26, 2010, to Jan 16, 2013.
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