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FSA to ban late night and weekend telephone marketing of financial products

August 1, 2007
By Ken Worsley


Are you tired of those late night and weekend sales people calling you and offering to sell financial products of dubious value? Apparently enough people in Japan are, because after receiving 9,257 about such practices in fiscal 2006, the Financial Services Agency has decided to ban the practice.

From late September, telephone marketers will no longer be allowed to make calls to private homes during weekends, evenings and at other “inappropriate” times, according to the Nikkei.

Door-to-door sales will also be prohibited.

Of course, if you’ve already told them it’s fine to call you at three o’clock in the morning, they can keep right on doing so…

Filed Under Business, FSA, Marketing 

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Comments

2 Responses to “FSA to ban late night and weekend telephone marketing of financial products”

  1. Durf on August 3rd, 2007 6:02 pm

    Curses, this does nothing to stop those boneheads from phoning me at the office to set up a “little chat over coffee” about my offshore tax shelter wealth management needs. Or whatever. The law prevents them from coming out and actually saying anything concrete over the phone, I think.

  2. Ken Worsley on August 3rd, 2007 6:19 pm

    Durf…tell me a little about your offshore tax shelter wealth management needs and I’ll see what we have to match…

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