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Monetary Authority of Singapore Suspends License of V Wealth Capital

Posted: Thu May 19, 2016 5:39 pm

The operating license of V Wealth Capital Pte has been withdrawn by the Monetary Authority of Singapore (MAS). The company has been registered as a fund management entity and was authorized by the Singaporean watchdog to provide financial services.

V Wealth Capital Pte Singapore has described on its website that it is offering “highly liquid” strategies, which include intraday systematic trading of equities and foreign exchange. The firm also claims that it has been making a market in MSCI Indonesian futures.

The company has been providing managed accounts that according to the information on the website of the firm are making ... (read more)