Singapore law allows banks to automatically classify individual investors as “accredited” if they have at least S$2 million of assets or earned at least S$300,000 in the previous 12 months. By entering the category, the wealthy are given a greater range of investment choices but lose some of the key protections offered to ordinary investors — such as restrictions ......
Its not whether you are ‘rich’ or you are poor. Money means something to each of us and most often then not, it is just as precious.
Bloomberg ran a story today discussing the plight of the investors due to the fallout of the recent woes of the oil and gas industry (Swiber, Rickmers Maritime, Marco Polo Marine). You can read the article here.
The main focus of the article is that some investors are not considered as ‘accredited investors’ but are sold products which are more suitable for ‘accredited investors’
