But nothing has changed and one sided contracts favouring the companies, banks and other entities to the detriment of the individual consumer, continue. The regulations are all focused on the sales end, that too in some specific financial service areas Mutual Fund & Insurance being the prime areas, where the companies and their intermediaries have been put through the wringer. Should customer protection not apply equally in all areas for consumers? Well, it should. But, other areas have been just been left to operate as they have always been. Let us take a few examples.
Banks routinely abuse their trust with their customers. They are privy to customer information and their balances. They should not be hence allowed to use this privileged information to sell products to customers. Their business is banking and there it should rest. Distribution of products should be by another distinct entity and banks should not be allowed to share privileged information of their customers with this other, sister entity. Today, we use the specious logic that banks are allowed to distribute products, as they have wide presence and hence can help in reaching these products widely. The question that is not asked here is Is it really good for investors? Is penetration of financial products more important than ensuring consumer is not abused? Are we not supporting abusive businesses, to the detriment of consumers?
Best Insurance Stocks For 2014: Macro Enterprises Inc (MCR.V)
Macro Enterprises Inc., through its subsidiaries, provides pipeline and facility construction, and maintenance services to the oil and gas companies in northeastern British Columbia and northwestern Alberta. It is involved in the construction, alteration, repair, and installation of pipeline and facility pressure piping and structural steel. The company offers facility and compression construction services, which comprise fabrication, piping modifications, station yard underground piping recoat programs, and meter station maintenance for measurement. It also offers pipeline systems services, including inline inspection support, pipe and pipeline valve replacement, installation of reinforcement sleeves, hot taps, surface and sub-surface looping, pigging crews, and valve services, as well as corrosion anomaly repairs, such as excavation, inspection, sandblasting, and re-coating by hand and spray applications. In addition, the company provides water courses, slope instability remediation, surface and sub-surface drainage installation, general right-of-way repair, and second calls handling services; and pressure testing and pigging services. Further, the company is involved in constructing, installing, maintaining, testing, and repairing pipelines and facilities in the oil and gas industry in western Canada. Macro Enterprises Inc. was founded in 1994 and is headquartered in Fort St John, Canada.
Best Insurance Stocks For 2014: Comfortdelgro Corporation Ltd (C52.SI)
ComfortDelGro Corporation Limited, an investment holding company, operates as a land transport company. It provides public bus and charter bus services; rail services; motor vehicle evaluation and other related services; public taxi services through the rental of taxis to hirers; car rental, care, and leasing services; advertising services; taxi booking management services; vehicle inspection and other related services; vehicle testing and consultancy services; professional inspection and automotive engineering services; inter-city bus services; taxi insurance; coach services; private hire services; crash repair services; and bus station services. The company also operates driving schools; and workshops for repairing, servicing, and the general maintenance of motor vehicles. In addition, it rents buses to hirers and provides related services; operates as a dealer in diesel for motor vehicles; distributes motor vehicles; trades automotive parts; constructs specialized vehic les and assembles bus bodies; and provides and manages taxi booking card facilities. It operates in Singapore, Ireland, the United Kingdom, Australia, China, Vietnam, and Malaysia. As of February 13, 2012, the company�s fleet consisted of 46,329 buses, taxis, and rental vehicles. ComfortDelGro Corporation Limited is headquartered in Singapore.
5 Best Canadian Stocks For 2014: Newport Bancorp Inc.(NFSB)
Newport Bancorp, Inc. operates as the holding company for Newport Federal Savings Bank that provides financial services to individuals and small businesses in Newport and Washington County, Rhode Island, and Stonington, Connecticut. It accepts various deposit products that include including non-interest-bearing demand deposits, such as checking accounts; interest-bearing demand accounts comprising NOW and money market accounts; regular savings accounts; and certificates of deposit. The company?s loan portfolio comprises one-to-four family residential real estate loans; multi-family and commercial real estate loans; home equity loans and lines; construction loans for one-to-four family homes and commercial, multi-family, and other nonresidential purposes; commercial loans; consumer and other loans, including auto loans; and loans secured by passbook savings or certificate accounts. It operates through its main office located in Newport; and five full-service branch offices located in Middletown, Wakefield, Westerly, and Portsmouth, Rhode Island, as well as Stonington, Connecticut. The company was founded in 1888 and is headquartered in Newport, Rhode Island.
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