Ya..agree with U. Yes and no. Correction here on my (teeth53) tot: Those few hundred thousand (S$100,000.oo to S$300,000.oo or more) of dollars in life saving all gone liao, may has effected a few hundred uncles and aunties. isit greed, ignorant, naive and or all of this???. Now old man and old woman had their life living in sober, dispair through their twilight years. I would not do it to those..... . I rather think the ppl's who hard sell is more greed then ever then those clients.

This has what it take for Singapore financial products or rather Angmo financial products to cause own uncles and aunties to live in dispair, our old ages senior citizens and if it happen to be our own family love one or relative or even fren U know...then WHAT... pity them !!!, very unhealthy and SAD society we all is living in....If one made know to take those risk of default and sub-prime woes been mentioned before those ignorants. I would agree with U.

Noted: Any (new) Angmo introduce products should be taken care off by a watch dog body, just like selling insurance products, should mentioned the risk and explain in black and white, (even if done so...unfortunate thing will not be explain, if does, their poor state in understanding those fine words and details is a jargon so alienate to them). 

That reminded me of IR (no body is ask to go there to gamble).

Elfin,

       Indeed, quite true that being a sporean is tough. Must serve NS for man. Talking about NS, I nearly got killed in my Taiwan training. Thank God I survived. Indeed a miracle when I think back.

   BTW, is it possible to give up citizenship, then come back to spore as PR? If yes, i would like to. Very good option.

Definitely should regulate with the bank of singapore.

Got a few friends doing RM work with banks average each made about 10 k per mth. Under pressure to sell if not will not hit incentive.

If the comm is good, they will sell to anybody regardless this product is not suitable for uncle and aunt. (Comm more important to them from what i noe but cannot apply to every RM)

So I think this is payback for those who are unethical in selling to some of those investor who really do not understand about financial risk.

If i am a relation manager i will never sell these products to the uncle and aunt when i know is very risky, unless they i insisted.

But i probably will not last very long in the bank, cause my performance will be poor compare to the high flyer.

Based on this i think bank should bear a certain responsilibity. When you can access to their incentive performance scheme you will agreed.

Same like sales people selling credit card. You tell them u got 10 card they say more the merrier just apply got free gift. Haiz .