I read a letter in The Straits Times (3 Dec 13) in which a reader suggested that in the aftermath of the penny stocks saga, remisiers based in the brokerage houses should have access to their clients’ CDP accounts so that they can better advise their clients when it comes to investing as the remisers would then have knowledge of their clients’ risk profile from knowing the type of stocks in their portfolios. While this is quite a noble goal, I believe that should brokerage firms decide to adopt this practice, then the transaction fees incurred by folks who trade will become higher as a result. We should just let brokers do what they are supposed to do and not have them act as a fund managers.
After the penny stocks saga, there are many many suggestions being tossed out from different investors and analysts and I feel that all ......
