Red Alert – Regarding 3% returns month on month

We’ve received feedback about an organization offering 3% returns month on month. Guarantees of returns are always a first red flag. Apart from government fixed income, representation of “guarantees” are questionable.

In Singapore, the regulatory regime is sound. Do check if they are licensed financial advisors, or are aligned with policies to operate. We attached a Zaobao article for your reading. https://www.zaobao.com.sg/zfinance/invest/story20180902-887775

To check if the firm is on MAS alert, simply go to https://www.mas.gov.sg/investor-alert-list. Sometimes, a person in the alert list can continue to do business in financial services. So investors have to take note. Spread the word, be vigilant.

We’ve given an example of search results below from MAS Alert List
Kenneth Kam / Kenn Organisation / Kenn Group

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Address:
10 Marina Boulevard
Level 39, Marina Bay Financial Centre,Tower 2
Singapore 018983

Email:
info@kenn.org
ken@fx2.asia