Red Flags
15
3 Degrees Asset Management
3 Degrees Asset Management has been embroiled in multiple controversies, indicating significant financial misconduct, unethical behavior, and a lack of transparency.
Quick summary on 3 Degrees Asset Management
3 Degrees Asset Management has faced multiple controversies, raising concerns about its practices.
Regulatory Violations: The Monetary Authority of Singapore (MAS) ordered its closure for compliance lapses, including a $6.7 million misappropriation linked to the founder. Inadequate risk management and misleading clients about investments compounded the issue.
Legal Disputes: Allegations of FCCB fraud involving Karur KCP Packagings and misleading clients about high-risk investments have surfaced. These actions indicate potential financial misconduct and unethical behavior.
Censorship and Information Suppression: The firm allegedly censored negative press and suppressed regulatory documents, aiming to avoid scrutiny. Such actions suggest efforts to conceal non-compliance and maintain a favorable public image.
Unethical Investment Practices: Reports claim the firm prioritized its profits over client welfare by pushing risky investments without adequate disclosure, raising questions about its integrity.
Customer Complaints: Investors have criticized the firm for poor communication, undisclosed risks, and significant financial losses, reflecting a lack of transparency and accountability.
Intel Reports
by: John Miller
Misleading and manipulative! They made risky investments sound safe. Lost a lot because of them..
by: Emma Watson
No transparency at all. Felt like they were hiding something from day one..