+1. I like to know too. Hope experts here can shed more light on the situation and implication to customers under the SGP entity.
The article link posted above dated 2019, not sure what happens after that. Anyone has any latest info regarding this case?
Last year 2020, the New Zealand's FMA also issue warnings for Tiger anti-money laundering breaches. See
https://www.fma.govt.nz/news-and-resources/medi...
Is the sgp entity safe in the event its China parent company and NZ entity got shut down?
More importantly, customers' monies held in segregated custodian account will be taken over by an administrator as part of proceeding and all customers will be force to liquidate their positions, what measure can its customer take to guard against this or is it unavoidable?
Read somewhere someone posted vaguely that it is possible to transfer to own CDP account from Tiger as a precaution with every buy, anyone has the rough steps to do so?
+1. I like to know too. Hope experts here can shed more light on the situation and implication to customers under the SGP entity.
The article link posted above dated 2019, not sure what happens after that. Anyone has any latest info regarding this case?
Last year 2020, the New Zealand's FMA also issue warnings for Tiger anti-money laundering breaches. See
https://www.fma.govt.nz/news-and-resources/medi...
Is the sgp entity safe in the event its China parent company and NZ entity got shut down?
More importantly, customers' monies held in segregated custodian account will be taken over by an administrator as part of proceeding and all customers will be force to liquidate their positions, what measure can its customer take to guard against this or is it unavoidable?
Read somewhere someone posted vaguely that it is possible to transfer to own CDP account from Tiger as a precaution with every buy, anyone has the rough steps to do so?