How to avoid investment scams: 6 red flags and tips from experts

MAS advises Singaporeans to exercise caution when dealing with unregulated financial entities located outside Singapore. These pose a greater risk of fraud, since the credibility of their operations cannot be easily verified. PHOTO: SHIN MIN DAILY NEWS
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SINGAPORE - To avoid losing their hard-earned money, consumers should learn how to spot investment scams. Here are a few red flags and tips from the experts:

All investments carry risk. Consumers should be wary of investment opportunities that claim to "guarantee" or "protect" their capital while promising high returns, said the Monetary Authority of Singapore (MAS).

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