Securities Commission Malaysia Adds New Names To Investor Alert List

Securities Commission Malaysia Adds New Names To Investor Alert List

The Securities Commission Malaysia (SC) has updated its Investor Alert List. 

A new alert which occurred on 8 August 2023 said that the commission had added these new persons/entities to the Investor Alert List:

  • Potential clone entity — GPT Coin
  • Nerd Trade Malaysia/NT Trade
  • Pelaburan Crypto Club
  • One Royal

For those who are unaware, the Investor Alert List contains a list of unauthorised websites, investment products, companies and individuals. This serves as a cautionary warning to Malaysians regarding the trustworthiness of certain companies and investment opportunities.

Some of the suspicious activities that these listed entities are committing include:

  • 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.

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