CEO Morning Brief

SC Adds 10 Entities to Investor Alert List, Two Being Potential Clones

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Publish date: Thu, 01 Feb 2024, 10:26 AM
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TheEdge CEO Morning Brief
 

KUALA LUMPUR (Jan 31): 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:

  • Admin Saham Malaysia/Pelaburan Saham Malaysia
  • Fatillan/Pelaburan Patuh Syariah
  • Amtech Power
  • Potential clone entity — IFAST Capital
  • Topflow Modal
  • Grow More Investment
  • Intrade Funds
  • Potential clone entity — Hilltop Investment

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

Source: TheEdge - 1 Feb 2024

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