Unlicensed Activity Concerning Intermediaries

This message is brought to you by the Consumer and investor Office (CIO) of the Securities Malaysia (SC)

This message is brought to you by the Consumer and investor Office (CIO) of Securities Malaysia (SC)

Unlicensed Activity Concerning Intermediaries

These entities had impersonated SC’s licensed and/or registered entities, including misusing the name and logo, credentials and websites of legitimate entities.

Their modus operandi is as follows:

1) These scams are promoted via social media through paid Facebook advertisements to lure investors with investment packages guaranteeing high returns.

2) Interested individuals/investors are asked to click on a WhatsApp / Telegram link within the Facebook advertisement.

3) Individuals will be redirected to communicate to an “agent” or “broker” via the WhatsApp / Telegram application.

4) Once the interest to invest is communicated, the scammer will provide a mule bank account details for the investment to be made.

5) Once the initial “investment” is made, individuals will be notified very soon thereafter that their investment has made a profit. However, to withdraw their profits, these individuals will be asked to make further payments guised as Bank Negara charges, income tax charges, administrative fees etc.

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No.

Name of Unauthorised Website/Products/ Entities/Individual

Remarks

Potential clone entity – Pelaburan Phillip

(https://t.me/Phillip_Investment)

Misusing the name and credentials of Phillip Capital Management Sdn Bhd (CMSL/A0044/2007) a licensed entity with SC for Fund Management in relation to portfolio management to carry out illegal investment scheme offering high returns e.g. return of RM15,000 in 3 hours with investment of RM500.

Potential clone entity – Platform Wahed Investing

Misusing the name and credentials of Wahed Technologies Sdn Bhd (eCMSL/A0359/2019) a licensed entity with SC for fund management in relation to portfolio management to carry out an illegal investment scheme offering high returns e.g. return of RM58,000 in 3-6 hours with investment of RM3,000

Name of Unauthorised Website/Products/ Entities/Individual

Remarks

Potential clone entity – Wahed Investment

(https://t.me/wahed_investing_malaysia)

Misusing the name and credentials of Wahed Technologies Sdn Bhd (eCMSL/A0359/2019) a licensed entity with SC for fund management in relation to portfolio management to carry out an illegal investment scheme offering high returns e.g. return of RM15,000 in 3 hours with investment of RM500
Misrepresentation and misuse of SC’s name

Name of Unauthorised Website/Products/ Entities/Individual	Remarks
Potential clone entity – Tradeview Capital (https://tradeviewcapital.com/)	Misusing the name and credentials of Tradeview Capital Sdn. Bhd. (eCMSL/A0379/2022) a licensed entity with SC for fund management in relation to portfolio management to carry out an illegal investment scheme offering high returns e.g. return of RM9,000 in 16 – 20 hours with investment of RM700 Misrepresentation and misuse of SC’s name
Potential clone entity – Wahed Invest (https://t.me/malaysia_berjaye4)	Misusing the name and credentials of Wahed Technologies Sdn Bhd (eCMSL/A0359/2019) a licensed entity with SC for fund management in relation to portfolio management to carry out an illegal investment scheme offering high returns e.g. return of RM7,500 in 3-6 hours with investment of RM500 Misrepresentation and misuse of SC’s name
Potential clone entity – Amundi Asset Management	Misusing the name and credentials of Amundi Malaysia Sdn Bhd (CMSL/A0231/2008) a licensed entity with SC for fund management in relation to portfolio management to carry out illegal investment scheme offering high returns e.g. return of RM8,500 in 24 hours with investment of RM600. Misrepresentation, misusing SC’s name and logo
Potential clone entity – Pelaburan Bursa Satu Malaysia (https://t.me/bursamaly \| https://t.me/bursasatumalaysia \| https://t.me/pelaburanbursasatumalaysia \| https://t.me/Bursah_malaysi \| https://t.me/tradersatumalaysia)	Misusing the name and credentials of Bursa Malaysia Berhad (an exchange holding company under the purview of the SC and the Ministry of Finance) to carry out an illegal investment scheme offering high returns e.g return of RM9,000 in 3-6 hours with investment of RM700 Misrepresentation, misusing SC’s name and logo

Name of Unauthorised Website/Products/ Entities/Individual

Remarks

Potential clone entity – Aberdeen Syariah Asset Investments

(https://www.aberdn.net/ |

https://t.me/Aberdeen_Investment1| https://t.me/Aberdeen_Investment2)

Misusing the name and credentials of abrdn Malaysia Sdn Bhd (formerly known as Aberdeen Standard Investments (Malaysia) Sdn Bhd) a licensed entity with SC for fund management to carry out an illegal investment scheme offering high returns e.g. return of RM8,500 in 1 – 3 days with investment of RM600

Misrepresentation and misuse of SC’s name

Potential clone entity – Aberdeen Standard Investment

(https://t.me/GroupAberdeenStandardPlatform)

Misrepresentation, misusing SC’s name and logo

Potential clone entity – Maybank Pelaburan Syariah / Maybank Islamic Pelaburan Syariah

(https://maybankpelaburansyariah.com/ | https://t.me/maybank_investment9)

Misusing the name and credentials of Maybank Islamic Asset Management Sdn. Bhd. (a licensed entity with SC for fund management in relation to portfolio management) to carry out an illegal investment scheme offering high returns e.g return of RM15,000 in 3-6 hours with investment of RM1,000

Updated: 8th February 2022

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