SC adds four potential clones to Investor Alert List
SC adds four potential clones to Investor Alert List
KUALA LUMPUR (July 3): The Securities Commission Malaysia (SC) has updated its Investor Alert List.
In an alert on Tuesday, the commission said the following persons/entities were added to the list:
- Potential clone entity — Wahed Global
- Potential clone entity — WAHED Global Trading Academy
- Potential Clone entity — HSBC
- Potential clone entity — Eq8 Capital 210 (WhatsApp)
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.