Reasons for Non-disclosure of Identities of Five Content Creators Issued Advisory Letters for Providing Non-licensed Financial Advice

Mr Chua Kheng Wee Louis asked the Prime Minister and Minister for Finance with regard to the five content creators who were issued advisory letters by MAS for providing financial advice without a licence (a) what were the considerations for not disclosing their identities and respective content of the advice; and (b) whether clear examples of such content which may not have complied with MAS guidelines can be published for greater clarity.

This question has been addressed in a reply at the Parliament Sitting on 4 November 2025. [Please refer to ​"Ensuring Materials from Unlicensed Financial Advisors Still Accessible Online No Longer Carry Risk of Misleading Consumers", Official Report, 4 November 2025, Vol 96, Issue 9, Written Answers to Questions for Oral Answer not Answered by End of Question Time section.]