Persons providing financial services in Singapore are required to be licensed, exempt or otherwise regulated by the Monetary Authority of Singapore (MAS) to carry out activities regulated under the relevant laws administered by MAS.
The names of regulated persons in respect of the provision of financial services under the various Acts administered by MAS are listed on MAS' website in the Financial Institutions Directory.
Why should consumers not deal with unregulated persons?
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. 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.
Consumer alert on the pitfalls of dealing with unregulated persons
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. The alert also informs consumers of the steps they can take to protect themselves. Click here to read the article.
The Investor Alert List
From time to time, MAS receives information on persons who are possibly conducting activities regulated by MAS without authorisation. These persons may target Singapore 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.
Consumers should exercise care when dealing with these persons. Overseas consumers who receive solicitations by persons who claim to have an operation in Singapore should also exercise care and check if they are in fact dealing with persons who are regulated by MAS.
Below is a list of persons, on whom MAS has received information, who are not authorised by MAS in respect of the carrying on of regulated activities. The list is not exhaustive and will be updated.
H-1119 Budapest
Fehervari ut 83
Hungary
Tel: (361) 205 3050/51
Fax: (361) 205 3060
Athelington International, UK
Maple House
High Street
Potters Bar
Hertforshire
EN6 5BS, United Kingdom
Tel: 44(0) 1932 895 000
Email address: admin@athelington.com
Website: www.athelington.com
18th Floor Kyoung Am Building
157-27 Samsung-dong Kangnam-ku
Seoul 135 090
Korea
Website: www.carltonkorea.com
Carver Brooks & Associates ("Carver")
Branch Office:
35th and 36th Floor
UOB Plaza 1
80 Raffles Place
Singapore 048624
Tel: (65) 6491 5084
Fax: (65) 6491 5085
Website: http://www.carver-brooks.com/
Financial Services Office:
Fubon Banking Centre
169 Jen Ai Road Section 4
Taipei, Taiwan
Cathay Asset Management
No 3 Anson Road
#35-01 Springleaf Tower
Singapore
Tel: (65) 6828 9909 or (65) 6491 5614
Website: www.cathayam.com
Charles Fleming Co Ltd
Sanno Park Building
2-11-1 Nagata-Cho
Chiyoda Ku
Tokyo 100-6172 Japan
Tel: 813 5456 5026
Fax: 813 4496 4464
Website: www.charlesfleming.net
Chartered Asset Management Co Ltd
[This company is a different entity from and not related to Chartered Asset Management Pte Ltd; the latter being a holder of a capital markets services licence which is regulated by MAS.] 14/F Abdulrahim Place
990 Rama IV Road
Bangkok 10500
Thailand
Tel: (66) 0 2636 0810
Fax: (66) 0 2636 0812
Website: www.charteredasset.com
Chartwell Asset Management
#2120 S. 72nd Street
Omaha, Nebraska 68124-2366
Tel: 402-5713034
Fax: 402-5713063
Website: www.chartwellmanagement.com
9 Raffles Place
Republic Plaza
Tel: (65) 6248 9006/ (65) 6491 5216
DSB Singapore Pte
32 Maxwell Road
#03-07 White House
Singapore 069115
Tel: (65) 6622 6373
Fax: (65) 6826 4363
Website: www.dsbsingapore.com
De Verre Lloyd & Co Ltd
15th Floor Cerulean Tower
26-1 Sakuragaoka-cho
Shibuya-ku
Tokyo 150-8512
Japan
Tel: (813) 5456 5369
Fax: (813) 5456 5511
Website: www.deverrelloyd.com
DM Gray Consulting
9840A Legaspi St Broy Valenzuela
Makati City 1200 Philippines
Tel: 8933345
Email: emiraine@yahoo.com
Don Tombia Herbert Investment Ltd
89 Short Street #04-13
Golden Wall Centre
Singapore 188216
Phone number: (65) 6336 6408
Fax: (65) 6336 6409
Mobile: (65) 9056 0684
Drexel Asset Management Limited
Suite 1202 Forever Tower
941 Jiaozhou Road
Shanghai 200060
China
Tel: 8621-6268-5287
Fax: 8621-6268-5351
Drover-Horne Ltd (also known as Drover-Horne Management Pte Ltd)
47 Hill St. #04-03
Singapore Chambers of Commerce & Industry Building
Singapore 179365
Tel: 607 7993741
Fax: 607 7991220
80 Raffles Place
#16-20 UOB Plaza 2
Singapore 048624
Tel: 607 2216408
Fax: 607 2217408
Email: exiles@pd.jaring.my
Dublin Castle Investment Inc
1930 Yonge Street Suite 1145
Toronto, Ontario M4S 1Z4
Tel: 16474 308550
Fax: 141 6352 1745
Website: www.dublin-castle.com
Eaglebanque
Levels 30 and 31
6 Battery Road
Raffles Place
Singapore 049909
Tel: 6322 8519
Website: www.eaglebanque.com
Eaton Capital Americas
12 calle 1-25, zona 10
Torre, Sur, Officina 1107
Gemimis International Mall
Guatemala City, Guatemala
Tel: 00 502 233 535 74
Fax: 00 502 233 533 58
Website: www.eatoncapitalamericas.com
Eno Capital Transfer ["Eno"]
#16-04 Sim Lim Tower
10 Jalan Besar
Singapore 208787
Tel: (65) 6248 4774
Fax: (65) 6248 4644
Website: www.enocapitaltransfer.com
Expatriate Financial Services
Suite 3B-6-7, Block 3B
Plaza Sentral 2
Jalan Stesen Sentral 5
50470 Kuala Lumpur
Malaysia
Tel: (603) 2780 5000
Fax: (603) 2780 5048
Website: www.efs.com.my
32 Maxwell Road
#03-07 White House
Singapore 069115
Tel: (65) 672 28688
Fax: (65) 64915167
Website: www.fareastam.com
Finance Alliance (FA)
[This company is a different entity from and not related to Financial Alliance Pte Ltd; the latter being a holder of a financial adviser's licence which is regulated by MAS.] 29 Calle Verdadero
San Clemente
CA 92673
USA
Tel: (949) 666 5396
Fax: (949) 666-5426
Website: www.faolineservices.com
First National Financial Group Inc
46th Floor, 140 Broadway
New York, NY10005
USA
Tel: (1) 212 858 7521
Fax: (1) 212 858 7522
Website: www.firstnationalfinancial.net
140 Wood Road
Braintree, M.A. 02184
USA
Tel: 617 507 8593
Fax: 617 507 8598
Global Link Mergers & Acquisitions
50 Raffles Place
#44-02/03 Singapore Land Tower
Singapore (Note: Address is not occupied by GL)
Tel: (65) 6622 9763
Fax: (65) 6491 5463
Website: www.globallinkma.com
Mansell 4555
Mansell Road Suite 625
Atlanta Georgia (GA) 30022
United States
Tel: +1 678-202-1204
Fax: +1 678-202-1205
Website: www.paradigmresourcesltd.com
Tokyo Palacio Tower Level 9
Omotesando 3-6-7 KitaAoyama 107-0061
Tokyo
Tel: 81/354 043 569
Fax: 81/354 964 118
Website: www.phoenixallianceintl.com
Pollack & Quinn
Shijuku Mitsui Building
21st Floor, 2-1-1 Nishishinjukuku
6-24-1 Shinjuku-ku, Tokyo
Japan
Tel: (81) 3459-03198
Fax: (81) 3449-65115
Premium Alliance Group
Park West Building
11th Floor, 6-12-1, Nishishinjuku
Shinjuku-ku, Tokyo 162-0023
Japan
Tel: (813) 5325 3223
Fax: (813) 5325 3131
Premium Placements Management
14 Scotts Road
#03-141 Far East Plaza
Singapore 228213
Tel: 90385684
Website: www.premiumplacements.com
Primrose Trading Co Ltd
2 Lansdowne Row
Suite 247
London, England
Tel: 44 2083878204
Fax: 44 2083878205
Professional Capital Management Pte Ltd
391A Orchard Road
#12-02 Ngee Ann City Tower A
Singapore 238872
Tel: (65) 6832 5667
Fax: (65) 6832 5670
Website: www.procapman.com
Provident Capital Pte Ltd
[This entity is different from and not related to Provident Capital Pte Ltd; the latter being an exempt fund manager, exempt corporate finance advisor, exempt leverage foreign exchange trader which had ceased its exempt status on 29 May 2007.] 5 Shenton Way #10-10
UIC Building
Singapore 068808
Tel: 6722 8827
Website: www.providentc.net
Quantex Inc.
Level 36 UOB Plaza I,
80 Raffles Place
Singapore 048624
Tel: 65 6248 4753
Fax: 65 6248 4754
Level 38 Raffles City Tower
250 North Bridge Road
Singapore 179101
Tel: (65) 6416 3315
Fax: (65) 6416 3316
