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Singaporean Financial Regulator MAS Warns Exante on Investor Alert List

2024-04-19 Brokersview

Singaporean Financial Regulator MAS Warns Exante on Investor Alert List

The Monetary Authority of Singapore (MAS) on Wednesday (April 17) flagged Exante (Ext Ltd) on its Investor Alert List.

 

MAS' warning against Exante

 

Exante is an investment firm regulated by the Cyprus Securities and Exchange Commission (CySEC) with a proprietary trading platform.

 

Singapore's financial regulator did not detail the specific reasons for placing Exante on the List, but it presented three types of entities that could be warned in the list's description.

 

Introduction about Investor Alert List

 

Notably, Exante claims to be regulated by three financial regulators - the U.K.'s Financial Conduct Authority (FCA), the Cyprus Securities and Exchange Commission (CySEC), and Hong Kong's Securities and Futures Commission (SFC).

 

However, no search results matching "Exant" or "Ext" are available on the SFC portal.

 

Exante claims to be regulated by SFC but not results were found on SFC portal.

 

The Investor Alert List is updated from time to time by the MAS and lists some of the entities that may be mistaken for being regulated by the MAS. Certain entities may also be included in the list if they make an investment offer that could be mistaken to have been registered with MAS. To date, MAS has issued warnings against 809 entities.

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