Photo by hair in ze soup

In the past few years, we had seen many so-called alternative investments gone wrong. From land banking to oil fields (oilpods) to wine.

If you had a bad experience with some of these investments, you would likely have gone through a tough time trying to get any form of recourse including being put on a merry go round between your MP, MAS, Small Claims Tribunal (SCT), FIDRec, CAD, the police and a lawyer (depending on who you approach first in the chain). I sympathize with those who have been put through all these.

All these products continue to stay as unregulated investments and do not fall under the purview of MAS, which means the alternative investment product providers can pretty much do what they like. Read more…