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 |
1. | Potential clone entity – Alta Technologies | Misusing the name and credentials of Alta Sdn Bhd (a registered Equity Crowdfunding company with the SC) to carry out an illegal investment scheme offering high returns e.g return of RM5,000 in 2 days with investment of RM250 |
2. | Potential clone entity – VKA Wealth | • Misusing the name and credentials of VKA Wealth Planners Sdn. Bhd. (CMSL/A0195/2007) a licensed entity with SC for dealing in securities (dealing in securities restricted to unit trusts), financial planning and dealing in private retirement schemes to carry out an illegal investment scheme offering high returns e.g. return of RM9,000 in 3 hours with investment of RM300 • Misrepresentation, misusing SC’s name and logo |
3. | Potential clone entity – UNO Advisers | • Misusing the name and credentials of Uno Advisers Sdn. Bhd. (eCMSL/A0384/2023) a licensed entity with SC for dealing in securities (dealing in securities restricted to unit trusts) and financial planning to carry out an illegal investment scheme offering high returns e.g. return of RM7,000 with investment of RM300 • Misrepresentation, misusing SC's name and logo |
4. | Potential clone entity – FA Advisory 134 | • Misusing the name and credentials of FA Advisory Sdn. Bhd. (CMSL/A0276/2010) a licensed entity with SC for dealing in securities (dealing in securities restricted to unit trusts), financial planning and dealing in private retirement schemes to carry out an illegal investment scheme offering high returns e.g. return of RM14,210 with investment of RM300 • Misrepresentation, misusing SC's name and logo |
No. | Name of Unauthorised Website/Products/ Entities/Individual | Remarks |
1. | 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 |
2. |
Potential clone entity – Digital Wahed Halal Invest
(https://t.me/Digital_wahed_comid | https://t.me/pablic_12 | https://t.me/infestasiwahed2 | https://t.me/wahedifestingdigital | https://t.me/wahetkhv) | 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 RM7,000 in 3-6 hours with investment of RM500 |
3. | Potential clone entity – CC Advisory S/B 124 | Misusing the name and credentials of CC Advisory Sdn. Bhd. (eCMSL/A0342/2017) a licensed entity with SC for Dealing in Securities – Dealing in securities restricted to unit trusts, Financial Planning and Dealing in private retirement scheme to carry out an illegal investment scheme offering high returns e.g. return of RM8,999 in 3 hours with investment of RM300 |
4. | Potential clone entity – iFast Capital 212 | Misusing the name and credentials of iFast Capital Sdn. Bhd. (a licensed entity with SC for Dealing in Securities, Fund Management, Dealing in Private Retirement Scheme, Investment Advice and Financial Planning) to carry out an illegal investment scheme offering high returns e.g. return of RM8,999 in 3 hours with investment of RM300 |
5. | Potential clone entity – MIDF Investment | Misusing the name and credentials of MIDF Amanah Investment Bank Berhad (CMSL/A0077/2007) a licensed entity with SC for dealing in securities, advising on corporate finance and investment advice to carry out an illegal investment scheme offering high returns e.g. return of RM10,000 in 3 hours with investment of RM500 |
6. | Potential clone entity – I-Max Financial | Misusing the name and credentials of I-Max Financial Sdn. Bhd. (a licensed entity with SC for Financial Planning) to carry out an illegal investment scheme offering high returns e.g. return of RM7,999 in 4 hours with investment of RM300 |
7. | Potential clone entity – Kenanga Saham Malaysia / Kenanga Investors Berhad | Misusing the name and credentials of Kenanga Investors Berhad (a licensed entity with SC for dealing in securities, fund management, investment advice, financial planning and dealing in private retirement schemes) to carry out an illegal investment scheme offering high returns e.g. return of RM10,000 in 3 hours with investment of RM500 |
8. | Potential clone entity – Harveston Investment | Misusing the name and credentials of Harveston Wealth Management Sdn Bhd (CMSL/A0275/2010) a licensed entity with SC for dealing in securities (dealing in securities restricted to unit trusts), financial planning and dealing in private retirement schemes to carry out an illegal investment scheme offering high returns e.g. return of RM14,440 in 1 hour with investment of RM300. |
9. | Potential clone entity – Blueprint Planning Invest | Misusing the name and credentials of Blueprint Planning Sdn. Bhd. (eCMSL/A0254/2009) a licensed entity with SC for dealing in securities (dealing in securities restricted to unit trusts), financial planning and dealing in private retirement schemes to carry out an illegal investment scheme offering high returns e.g. return of RM14,900 in 3-6 hours with investment of RM300 |
10. |
Potential clone entity – UOB Kay Hian-AAAA / UOB Kay Hian-vip (https://www.facebook.com/profile.php?id=100090977379212 | https://www.facebook.com/profile.php?id=100090883997819) | Misusing the name and credentials of UOB Kay Hian Securities (M) Sdn Bhd (eCMSL/A0018/2007) a licensed entity with SC for dealing in securities, dealing in derivatives, clearing, advising on corporate finance, investment advice, financial planning and dealing in private retirement schemes to carry out an illegal investment scheme. |
11. | Potential clone entity – Alpine Advisory 162 / Alpine Advisory 135 | Misusing the name and credentials of Alpine Advisory Sdn. Bhd. (eCMSL/A0362/2020) a licensed entity with SC for dealing in securities (dealing in securities restricted to unit trusts), financial planning and dealing in private retirement schemes to carry out an illegal investment scheme offering high returns e.g. return of RM14,210 in 4-8 hours with investment of RM300 |
12. | Potential clone entity – Pelaburan Excellentte 1 | Misusing the name and credentials of Excellentte Consultancy Sdn. Bhd. (a licensed entity with SC for dealing in securities restricted to unit trusts, financial planning and dealing in private retirement schemes) to carry out an illegal investment scheme offering high returns e.g. return of RM8,500 in 3 hours with investment of RM250 |
13. | Potential clone entity – Genexus Advisory (155) | Misusing the name and credentials of Genexus Advisory Sdn. Bhd. (eCMSL/A0338/2017) a licensed entity with SC for dealing in securities (dealing in securities restricted to unit trusts), financial planning and dealing in private retirement schemes to carry out an illegal investment scheme offering high returns e.g. return of RM8,999 in 4-8 hours with investment of RM360. |
14. | Potential clone entity – Pelaburan Wealth Vantage/ W.V.A Invest (130) | Misusing the name and credentials of Wealth Vantage Advisory Sdn. Bhd. (eCMSL/A0349/2018) a licensed entity with SC for dealing in securities (dealing in securities restricted to unit trusts), financial planning and dealing in private retirement schemes to carry out an illegal investment scheme offering high returns e.g. return of RM8,999 in 3 hours with investment of RM300 |
15. | Potential clone entity – Invest Bursa Malaysia | 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 RM30,000 in 3 hours with investment of RM1,000 |
16. | Potential clone entity – Yes Financial (100) | Misusing the name and credentials of YES Financial Berhad (eCMSL/A0355/2019) a licensed entity with SC for dealing in securities (dealing in securities restricted to unit trusts), financial planning and dealing in private retirement schemes to carry out an illegal investment scheme offering high returns e.g. return of RM21,250 in 4 hours with investment of RM300 |
17. | Potential clone entity – BNP Paribas Asset Management – Pelaburan Saham Patuh Syariah | Misusing the name and credentials of BNP Paribas Asset Management Malaysia Sdn. Bhd. (eCMSL/A0174/2007) a licensed entity with SC for fund management (fund management in relation to portfolio management) to carry out an illegal investment scheme offering high returns e.g. return of RM7,200 with investment of RM400 |
No. | Name of Unauthorised Website/Products/ Entities/Individual | Remarks |
1. | Potential clone entity – Pelaburan Phillip
| 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. |
2. | 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
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| Name of Unauthorised Website/Products/ Entities/Individual | Remarks |
Potential clone entity – Tradeview Capital
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Potential clone entity – Wahed Invest
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Potential clone entity – Amundi Asset Management |
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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) |
|
| Name of Unauthorised Website/Products/ Entities/Individual | Remarks |
Potential clone entity – Aberdeen Syariah Asset Investments
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
| 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 with investment of RM600 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