S A M Trade Asia Pte. Ltd. (SMFX)

[exisnet]

Facts only are to be believed, anything else is just speculation. From what I understand MAS didn't suspended the operations, Sam suspended operations.
EDIT: According to the statement, MAS will further review and take necessary actions if its inspection uncovers lapses or Samtrade FX had breached regulations. Of the group companies, no entity is regulated in Singapore as a capital markets services licensee.

In July 2021, MAS added Samtrade FX to it caution list and issued a direction to prohibit the company from onboarding new investors.

Appears Sam in hot water for bring on new investors... Facts matter

I think that I posted so many red flags that you should have understood that something isn't right, now three directors has been arrested.

I do look forward to see what it all ends up with ;)