By: Wilfred Ling
It is quite common for people to be approach to invest in certain "too-good-to-be-true" investments. Very often, due to greed many people will invest their hard earn money into it only realising that it is a scam. MAS stand is quite clear that investors should only deal with regulated persons. Otherwise investors have no protection from the various provisions of the law administered by the MAS. The details can be read from these two links: Investors Alert List and Pitfalls in Dealing with Unregulated Persons.
My comments: Read more...