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SC adds two entities to Investor Alert List, one being potential clone

savemalaysia
Publish date: Mon, 25 Mar 2024, 09:12 AM

KUALA LUMPUR (March 25): The Securities Commission Malaysia (SC) has updated its Investor Alert List.

In alerts on Friday and Sunday, the commission said the following entities were added to the list:

  • Quantum Metal Exchange Inc (NV20081307192)
  • Potential clone entity — MERCURY-ITRADE

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/705746

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