Multiple Financial Entities Added To SC’s Investor Alert List, Including Several Impersonators For Violating Regulations

The Securities Commission has added seven entities to its investor alert list – a list that underlines unauthorised websites, investment products, companies and individuals for investors to make informed decisions.

Some of the additions include potential clone identities which impersonate established financial institutions.

According to SC, these entities were found to violate regulations set by the Commision:

1. Persons carrying on or holding himself 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
   • Dealing in private retirement schemes
     
2. Persons operating a recognised market without authorisation.
3. Persons issuing or offering securities without approval, authorisation or recognition.
4. Persons misusing SC’s logo and misrepresenting the SC. 

Below is the list of entities/persons that were identified by the Commission:

• ACI Exchange
• Amara Investments Berhad – (potential clone identity)
• Pelaburan Saham Gold Syariah
• COMONCAP
• A.D. Evoque Financial / A.D. Financial – (potential clone identity)
• AJC B – (potential clone identity)
• Golden Trader Legacy
• EZAG
• 159.Agro Bhd.Forbes.CPT – (potential clone identity)