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.

https://www.theedgemarkets.com/node/710385