Unregulated investment schemes on the rise in Singapore

ST ILLUSTRATION: CEL GULAPA

Many involve digital tokens and online trading platforms; experts urge investors to exercise caution

Unregulated investment schemes involving online trading platforms and digital tokens are becoming increasingly common here.

The Monetary Authority of Singapore (MAS) has added more than 300 people and companies to its Investor Alert List in the past five years - almost double the number for the 2004 to 2014 period.

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A version of this article appeared in the print edition of The Sunday Times on November 10, 2019, with the headline 'Unregulated investment schemes on the rise in S'pore'. Print Edition | Subscribe