International Adviser has asked the the Monetary Authority of Singapore to supply details on the nature of the reprimand for Byron Murphy, though it has yet to respond.
The regulator said Murphy had provided financial advice services to clients for a week in January this year on the basis he continued to work for GS Wealth when, in fact, he had left the company.
However, there is no suggestion he misled clients, as was reported in an earlier version of this story.
Murphy now works for Globaleye in Singapore. He is listed on the company’s website as being a vice president in the private wealth management team.
The MAS said in its enforcemenrt notice: “MAS expects any person who acts as or holds himself out to be a representative of a licensed financial adviser to hold a representative’s licence related to that financial adviser, and to comply with the provisions of the FAA, the Financial Advisers Regulations and the conditions of their licence at all times.”
