Singapore MAS Bars 3 Insur Cos From Financial Advisory Services

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SINGAPORE -(Dow Jones)- The Monetary Authority of Singapore said Monday it had asked three insurance companies to stop providing financial advisory services.

Acclaim Insurance Brokers Ltd., Leadenhall Insurance Brokers Ltd., and Magnetron Insurance & Financial Services Ltd. have been told to stop providing financial advisory services for new transactions by Tuesday, the MAS said in a statement.

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