Warning Against 14 Unauthorized Firms

Securities Commission Malaysia (SCM) issued a warning list against many brokers which are absolute red flags and swindle peoples money. The Investor Alert list includes companies and individuals that are not registered or licensed by the Securities Commission Malaysia to provide financial services.

1. Possible clone entity - Saham Mastery

2. Asvisonomics

3. Potential clone entity - NCC Investment

4. Capitalix

5. Potential clone entity - Stern

6. Potential clone entity - Phillip Wealth Planners

7. Investor Saham (Bom Frofit)

8. Potential clone entity - Amanah Harta Bumiputera

9. Minos Markets Limited

10. Potential clone entity - Future Strategy

11. Potential clone entity - TROWE GROUP

12. Potential clone entity - M & A Securities

10. Potential clone entity - Future Strategy

11. Potential clone entity - TROWE GROUP

12. Potential clone entity - M & A Securities

13. Potential clone entity - U Trade

14. Potential clone entity - Aswa Advisory

About SC Malaysia

The Securities Commission Malaysia (SC) was established on 1 March 1993 under the Securities Commission Act 1993 (SCA). It is a self-funded statutory body entrusted with the responsibility to regulate and develop the Malaysian capital market.

SCs mission is “to promote and maintain fair, efficient, secure and transparent securities and derivatives markets; and facilitate the orderly development of an innovative and competitive capital market”.

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