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9/12/2008

Can professionals get their terms right?

Goh Eng Yeow from ST reported that David Loh and Han Eng Juan were 'executive directors of UOB Kay Hian. The heading of his article screamed, ' 'Dream Team' remisiers fined by MAS. Anyone reading the headline will quickly form the impression that remisiers got fined. And remisiers are always in trouble with their practices and in trouble with the law. Some times back there was another director that was sent to IMH. He too was called a 'remisier.' According to my professional knowledge of this industry, remisiers are independent sub contractors working in broking houses. They are never directors of broking houses. Directors of broking houses, eg executive directors, are normally company employees. They are not remisiers. I stand corrected if some broking houses actually give titles like directors or executive directors to their remisiers. Can professionals get this simple terminology and distinction right? Would the Remisier Society correct this impression that remisiers are not always infringing the laws and got fined?

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