SIAS expanding purview to alternative investments

Singapore

THE Securities Investors' Association (Singapore), known mainly as a lobby group for investors in listed securities, is expanding its purview to cover alternative investments. It also wants to raise S$5 million over five years, partly to fund initiatives in this area, SIAS president and chief executive David Gerald said at a press conference on Wednesday.

Noting that SIAS has been approached by at least 360 people who pumped money into investment schemes that now appear to have been scams, he said it would also lobby regulators here to allow class action suits in Singapore.