When i told some of my friends who invested thru XXX abt the alert put by the MAS. Guess what they replied : "Oh, usually good scheme will invite rumours and bad remarks"
I even spoke to the salesperson who tried to convince me of this so-called good plan. He said if you are not interested please do not go and brainwash my friends who have invested.
Dennis Ng wrote:This is such a serious issue, that I've decided to classify this discussion thread as an announcement, so that everyone reading this forum, will be alerted of this discussion.alvin wrote:Taken from http://www.ifa-sg.com/the-gold-label-ma ... lert-list/
The Monetary Authority of Singapore (MAS) has placed The Gold Label in The Investor Alert List. According to The Investor Alert List website – “From time to time, MAS receives information on unregulated persons who have been mistaken as being licensed or authorised 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.”.
Others listed in The Investor Alert List include Sunshine Empire, Profitable Group and Swiss Cash.
According to the MoneySense site, the telltale signs of unregulated person include high-pressured sales tactics and promises of high returns, ‘guaranteed’ profits and quick gains.
it's not just Gold Label, the company. The real problem is the scheme cannot be sustainable, so no matter which company, it is just a matter of time they will go bust.
I really sincerely urge ALL Seminar graduates out there, if you know of any friends who are involved in selling this investment to the public, please ask the person to Stop ASAP, one day, he/she will regret it when he/she NOT only lost money, but lose friends and relatives when such schemes go bust.
If you have invested in a scheme like this, please try to get out as soon as possible before it is too late.
Ask yourself, how would such a scheme be sustainable? I have shared in my Secrets to Making Money in Stocks Seminar the CORRECT way to invest into Gold and Silver, do NOT invest through such schemes.
If you attend my How to Save and Accumulate One Million Dollars Seminar, please go through the notes on "what are the common features of scams" and you should know what to do.