What are your rights as an investor?

AS consumers, we have rights. We have the right to choose between competing goods and services. We should also have the opportunity to examine the goods and services offered for sale. If we fall victim to unfair trade practices, faulty and sub-par goods and services, we should have a right to seek redress.

In Singapore, there is legislation to protect consumers. The Consumer Protection (Fair Trading) Act (CPFTA) was enacted to protect consumers against unfair practices and to give them additional rights in respect of goods that do not conform to contract.

This includes the Lemon Law which obliges businesses to repair, replace, reduce the price or provide a refund for a defective goods should the goods not conform to contract or are not of satisfactory quality or performance standards at the time of delivery.