Ascend Angels Pte Ltd Review

The MAS published a warning against Ascend Angels Pte Ltd 

Addressing the fraudulent offering of financial services by Ascend Angels Pte Ltd, the Monetary Authority of Singapore (MAS) has issued a warning. With this action, the regulatory body demonstrates its dedication to protecting customers from dangers related to unauthorized businesses functioning within the financial sector.

It is recommended that customers proceed cautiously and thoroughly investigate any financial service provider before interacting with them. Ensuring a safer investing experience and reducing possible dangers may be done by checking the authorization status of companies and consulting with reliable financial advisors.

According to Scams Report, Ascend Angels Pte Ltd is an unlicensed broker

Ascend Angels Pte Ltd has raised suspicion among investors as potentially being a scam operation. Despite its claims of being an exclusive, referral-only, and founder-driven investor syndicate, concerns have arisen regarding the legitimacy of its activities. The lack of transparency on its website and its unregulated status raise red flags within the investment community.

The company’s website, located at https://www.ascendangels.com/, is accessible, providing a platform for potential investors to explore its offerings. However, the absence of clear regulatory information or compliance disclosures is troubling. In an industry where transparency and regulatory adherence are paramount for investor protection, Ascend Angels Pte Ltd’s opaque nature raises significant concerns.

Furthermore, the official address listed for the company is 20A Tanjong Pagar Road, Singapore 088443. While this address lends an air of legitimacy, it is imperative to note that the physical presence of a company does not necessarily guarantee its trustworthiness or regulatory compliance.

The regulatory status of Ascend Angels Pte Ltd is a cause for further alarm. The company operates without regulation, indicating a lack of oversight from reputable financial authorities. This absence of regulatory scrutiny leaves investors vulnerable to potential scams, fraud, and financial losses.

In light of these concerns, investors are strongly advised to exercise caution and conduct thorough due diligence before engaging with Ascend Angels Pte Ltd or any similar entities. Seeking advice from trusted financial professionals and verifying the regulatory status of investment firms can help mitigate the risk of falling victim to fraudulent schemes.