These Investment Advisers Have Been Placed On SC’s Investor Alert List

Securities Commission Investor Alert List

The Securities Commission (SC) has identified seven operators, either individuals or companies, that the regulatory body has found to be offering investment advise without a license, to stop their activities.

The SC said in a statement today said that it issued a ‘cease and desist’ order to these seven unlicensed operators as they were found to be “carrying out the business of advising others concerning securities or derivatives, including providing stock recommendations upon payment of a fee”.

“These activities were usually carried out in subscription-based private chat groups on Telegram, WhatsApp or Facebook,” the SC highlighted in the statement.

The seven unlicensed operators and advisers who have been placed on the SC’s Investor Alert List are:

  1. Don Trader / DT Academy Sdn Bhd
  2. Engineer Saham / Ergonamos Marketing – Mohd Faizal Bin Raihan
  3. Felix Consulting
  4. Lifestyle Trading Masterclass / LTM Tech – Jeremy Looi Chee Keong
  5. One Stock Centre / Stock Advisor / The SuperInvestor / SA Expert Consultancy – Logeswaran A/L Balasubramaniam
  6. Serikandi Saham / Thoriq Legacy Sdn Bhd – Fatin Fatini Binti Ismadi
  7. Teknik Saham – Fazlisyam Bin Md Isa

The SC also cautioned investors to be wary of operators of other online webinars, seminars, social media, and messaging applications chat rooms who are carrying out unlicensed investment advice activities.

“The SC is monitoring this closely and will, where appropriate, take action against those who breach securities laws,” the SC statement added.

The public are also urged to report to the SC if they have been approached by
unlicensed persons offering capital investment advice at or
call +603-6204 8999.

Investor who want to confirm the licence or registration of individuals, companies and
platforms offering capital market services or products and investment advice can check via the Public Register of Licence Holders  and List of Registered Recognised Market Operators.

Image source: Freepik

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