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Unlicensed Activity Concerning Intermediaries

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.

Click to view the SC Investor Alert List 

 

Name of Unauthorised Website/Products/ Entities/IndividualRemarks

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)

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: 19th September 2022

 

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