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 Complaint on Great Eastern Insurance, Declination of Guarantee Letter

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daniel_wu
post Dec 16 2014, 09:22 AM

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From: Mars Planet
Hi all you there, Just for your infomation only, You need to be carefully especially MAAKL MUTUAL BERHAD. They (UTC) were allowed to practise switch between funds to collect the dividend. When dividend collected then switching to other fund to collect the dividend so the dividend payout of a fund will dilute the fund price (switching will cost the investors).

FIMM also said it is allowed as it will avoid the timing risk. I am really speechless and I think they have lacked at all.

They (UTC) also recommended anyone buying "unapproved product". You will be the next victim so.. FIMM, Securities commission and MAAKL MUTUAL BERHAD said not responsible at all. SO Carefully ya.. OK



 

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