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.
