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Why should consumers not deal with unregulated persons?
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Consumers are strongly encouraged to deal only with persons that are regulated by MAS. MAS' regulatory regime aims at safeguarding the interests of consumers by ensuring that only competent and professional persons may provide financial services. The laws administered by MAS also require disclosure of information on investment products being recommended to consumers. If a consumer chooses to deal with persons that are not regulated by MAS, he forgoes the protection afforded under laws administered by MAS, particularly if these persons are based overseas.
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Consumer alert on the pitfalls of dealing with unregulated persons
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MoneySENSE has issued a consumer alert highlighting the common techniques used by persons that are not regulated by MAS to solicit business and the risks involved. These persons may target Singaporean consumers or overseas consumers by giving them the false impression that they are operating in Singapore. Some of these unregulated persons may sometimes use names similar to that of entities regulated by MAS. The alert also informs consumers of the steps they can take to protect themselves. Click here to read the article.
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Boston Asset Management Pte Ltd
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#11-02A
Keck Seng Tower
133 Cecil Street
Singapore 069535
Tel: 6320 8449
Fax: 6320 8450
Email: keith@bostonasset.com.sg
Website: http://www.bostonasset.com.sg/
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Hamilton Trading
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OBF Center
Artha Graha Building 6th Floor
Jalan Jend Sudirman Kav, 52-53
Jakarta Indonesia
Tel: (6221) 5289-8454
(6221) 5289-8455
Fax: (6221) 5289-8456
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Marshall Browning Ltd
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Edobori Building
Level 9
2-1-1 Edobori Nishi-ku
Osaka, 550-0002
Japan
Website: www.marshallbrowning.com
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Medibroker International ["Medibroker"]
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Medibroker House
17 Seatonville Road
Whitley Bay
Tyne & Wear, UK
NE 25 9DA
Tel: ++ 44 1435 867484
Fax: ++ 44 1435 867776
Email: medibroker@aol.com
Website: www.medibroker.com
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