SC adds six entities to Investor Alert List, four being potential clones
SC adds six entities to Investor Alert List, four being potential clones
KUALA LUMPUR (May 6): The Securities Commission Malaysia (SC) has updated its Investor Alert List.
In an alert last Thursday, the commission said the following persons/entities were added to the list:
- Potential clone entity — Phillip Wealth Planners
- Potential clone entity — Stern
- Capitalix
- Potential clone entity — NCC Investment
- Asvisonomics
- Possible clone entity — Saham Mastery
The Investor Alert List contains a list of unauthorised websites, investment products, companies and individuals, including:
- Persons carrying on or holding themselves out as carrying on the following regulated activities without a licence from the SC:
- dealing in securities
- dealing in derivatives
- fund management
- advising on corporate finance
- investment advice
- financial planning, and
- dealing in private retirement schemes.
- Persons operating a recognised market without authorisation.
- Persons issuing or offering securities without approval, authorisation or recognition.
- Persons misusing the SC’s logo and misrepresenting the SC.