Who keeps Financial Advisors accountable for the advice they give?

The answer is no one. You yourself is accountable for your own decision.

No way, you are the only one, who is responsible for your own financial plan. Financial Advisors just want to promote their company products to you and earn the commission from you...

If that wrong/questionable advice or fact is documented and materialised through FHR (financial health review) and recommendation, and the client executed through the advisor for it, MAS will step in to fine and penalty the financial advisor.

Most malpractise and churning are also recorded and referred to FIDREC (but they are only for financial disputes and not the court or the law).

But for high profile case, https://www.straitstimes.com/singapore/courts-c... you may take a look at this.

https://www.straitstimes.com/business/invest/wh... for RNF people getting barred for scams and mis-selling.

For advice that was not paid and not specific enough to be constituted as a financial advice, then its just "general knowledge" and no one can be faulted for the wrong advice.

Sadly, no one.

There are no laws that penalize anyone for giving wrong advice. Which is why it's so important to be discerning and do your own research.

Also when speaking to someone selling a product, understand their perspective and more importantly, what they are incentivized by.