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.
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

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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