Enforcement action by MAS

Just spotted this on the MAS "Enforcement Actions" page (which is a link on the blog sidebar), which highlights that

Inter-Alliance International (Singapore) Pte Ltd (“IAIS”), a licensed financial adviser until 18 February 2008, has paid a composition amount of $50,000 for contravention of section 13(1) of the Financial Advisers Act (“FAA”). IAIS has also paid a composition amount of $6,250 for contraventions under the Insurance (Intermediaries) Regulations (“IIR”).

Not sure if this has been reported in the local media...