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Avoid online investment ads that don’t include company names

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 The Monetary Authority of Singapore wants all consumers to avoid vague online ads as it is moving to tighten the rules which govern online advertising for financial institutions here

MAS is moving to tighten the rules which govern online advertising for financial institutions here.

PHOTO: ST FILE

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Social media is often long on extravagant promises but short on substance, as two grandiose promotions for financial products here amply illustrate.

The first is an investment that can double your money in a year. And if that’s not good enough, you are promised 10 per cent of the profits every month when you sign up.

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