aiyo.... my bad.... ok ok... so on M'sian list, not on S'porean
list... as yet... 
come on la people.... agents of this company... how about thinking
through with some sense here....
every investment company or rather company selling investment
nature products MUST be regulated to be lawful and provide a means
of security to the consumers. That is WHY MAS regulates the
financial services industry which includes FD, UT, ILP, Insurance,
Shares, Warrants, Bonds etc etc......
Every agent and company that is involved in such industry MUST be
licenced. All your insurance agents are licenced, all your
"relationship managers" are licenced and all your brokers have a
licence....
Ever wonder why your bank teller will firstly put the idea of the
insurance plan into your head but she'll not market it to you?
Nope, it is not that she does not have the time.... she simply does
not have the professional qualification required. She'll initae the
idea nad her colleagues like the personal banker, relationship
managers will market the products to you instead... These are
people who have to be licenced....
What do you think these professionals have a licence for and give
out proper documentations for if not to protect the industry and
consumers so to speak? Do you know how many tests are there that
these professionals have to pass first and gain certification
before being allowed to market products?
It is NOT necessary to have properly licenced agents or company to
operate an investment scheme, it is just that it is likely to be a
SCAM and the MAS states very clearly:-
Why should you deal with
a person regulated by the MAS?
MAS' regulatory regime aims to safeguard the interests of
consumers by ensuring that only competent and
professional persons who meet appropriate standards of business
conduct can provide financial products and services in
Singapore. The laws administered by MAS also require
disclosure of information on investment products being
recommended to consumers.
If you deal with a person not regulated by MAS, you will
not enjoy the protection provided by the laws administered
by MAS. In addition, if the person does not have a physical
presence in Singapore or cannot be traced, you may not be able to
take action against him should you lose money.
So maybe agents of this Sunshine Empire are like the "bank tellers"
- no licence, and yet they doing the job of the "relationship
managers" - sell investments.... well, well....
If you were a bona fide company, with bona fide investments to
market, you'll want to be regulated so as to be properly
represented. You'll want properly trained agents to market your
products. You'll want more market exposure, more marketing
activities. I tell you: any bona fide company right now that can
guarantee such returns like 30% ROI in 1 year, you'll very soon
find that company closing doors early.... as many kiasu
Singaporeans and Foreign Investors will definitely queue up all
over the place to buy into that investment. The agents won't need
to do so much hardwork and yet the money keeps rolling in.....
because people WILL WANT to invest.
Moreover, when we buy items from supermarket, we get a receipt.
When we buy shares from our broker, we get an acknowledgement form
to show the credit/ debit of the shares bought, we buy insurance,
there is a policy, we place a FD, there is a certificate etc
etc....
How can anyone place money into a company and receive NO
documentation? How can any company promise such beautiful returns
on investment of up tp 70% within 1 year when the general climate
is nowhere near that figure? THERE IS NO GUARANTEE people. Please
be very cautious.
I may have misundertood the figures as shared by human traffic. If
that is the case that leads to my misunderstanding of this issue
then I apologize. But I doubt it. I think generally even if my
figures quoted from human traffic are wrong, the overriding
sentiments of lawful regulation and market conditions still holds
firm.
So for any potential "investor", just beware.
Also, a good link below for PITFALLS OF DEALING WITH UNREGULATED
PERSONS by Moneysense:-
http://www.moneysense.gov.sg/publications/quick_tips/Consumer_Portal_Dealing_With_Unregulated_Persons.html
