Kuala Lumpur, 28 July 2016
SC Warns Public on Unlicensed Financial Planning Services
The Securities Commission Malaysia (SC) would like to warn the public about firms and individuals who promote the offering of financial planning services without being licensed by SC.
Such firms and individuals may present their qualifications, awards won or memberships in certain associations as credentials. However, only financial planning companies and their representatives who are licensed by the SC are permitted to carry the title “Financial Planner” and offer financial planning services.
It is essential that investors are advised by licensed professionals who are able to provide an unbiased plan that serves the best interests of their clients.
Please check here whether a firm or a person is licensed for financial planning. Investors can also check on a party’s licensed status on the InvestSmart mobile application, which can be downloaded to Android and Apple smartphones through their respective application stores. If you have any queries, please contact the SC at 03-62048999, firstname.lastname@example.org or the following address:
Investor Affairs & Complaints
Securities Commission Malaysia
3 Persiaran Bukit Kiara
50490 Kuala Lumpur
Fax No: 603-62048991
SECURITIES COMMISSION MALAYSIA