I think even those who conduct any kind of investment courses should be subjected to some form of regulation.

I have not really taken a look at the Hong Kong one even though it should be fairly easy to find it online.

I supposed MAS would have been smart enough to extract whatever useful ideas they can from there…

Most of these companies claim they are not investments when talking through their lawyers to regulators. They always claim they are amazing investments when talking through their sales and marketing teams to potential customers.

You cannot regulate against stupidity but because of the culture in Singapore people do often assume if its allowed to be advertised in the media it must be OK with normal risks attached. Most of these kind of investments are very high risk and the chance of returns is tiny or non existent.

Preventing the use of the words “amazing/great/fantastic investment opportunity” in the advertising of these rubbish products would be a good start.

Any idea how does the MAS proposal compares with the HK one? Understand that HK has already issued the guidelines 2 months ago.