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MAS reprimands AmFraser Securities for appointing financial advisors without requisite license

Monetary Authority of Singapore (MAS) has reprimanded AmFraser Securities for having three financial advisors conduct advisory activities during the period from 26 November 2010 to 30 November 2011, without ensuring that they had complied with the requisite capital markets and financial advisory services examination requirements. AmFraser Securities has confirmed to MAS that it has put in place policies and procedures…

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