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Credit Suisse in trouble with MAS over regulatory breach

Swiss giant, Credit Suisse, has run afoul of Singapore’s regulator, the Monetary Authority of Singapore (MAS), after allowing one of its employees who was not an appointed representative to advise on investment products and deal in securities in April 2011. In a statement released by MAS, the regulator said that Credit Suisse violated both the Financial Advisors Act (FAA) -…

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