THE explanation by the Monetary Authority of Singapore
("MAS spells out regulatory criteria"; last Saturday)
to the question raised by Mr Tan Sin Liang about regulating questionable firms
("Not as good as gold at all..."; Oct 14)
is that these firms fall outside the MAS' jurisdiction.
If the MAS does not wish to,
perhaps some other government agency could step in
to regulate the investment industry
to ensure that Singapore is a city where investors can operate with peace of mind.
Eng Tiang Chuan