Kuala Lumpur, 14 February 2011
SC warns the public on unauthorized and misleading use of its logo and name
The Securities Commission Malaysia (SC) today urged members of the public to be wary of unauthorized and misleading use of the SC logo and name for the endorsement of promotional websites, investment products or programmes.
It has come to the SC’s attention that www.kuasaforex.com has been using our corporate identity on their website to promote products and services related to the trading of foreign currencies (forex). The SC would like to alert the public that we are in no way associated with this website or its promoters and do not in any way endorse its activities.
The SC has included the website on our Investor Alert list and we will take appropriate action in relation to the unauthorized and misleading use of our name.
Scams can come in the guise of seemingly attractive investment opportunities or schemes offered online. They may also be camouflaged as learning and training programmes. These schemes sometimes fraudulently claim the endorsement or approval of regulators. The public are reminded that the SC does not endorse any promotional websites or investment products and programmes. The list of companies and individuals licensed by the SC to carry out investment activities, including providing investment advice, can be found here.
The SC would also like to advise the public that activities relating to trading in forex fall under the purview of Bank Negara Malaysia and would require their approval. For further information on forex trading, the public is advised to contact Bank Negara Malaysia at 1-300-88-5465 or by email at firstname.lastname@example.org. Anyone who comes across any suspicious websites, as well as emails or any information on the internet with regard to investment advice and services relating to securities, should alert the SC at 603-62048999 or e-mail us at email@example.com. You may also write to us at:
Investor Affairs & Complaints
Securities Commission Malaysia
3 Persiaran Bukit Kiara
50490 Kuala Lumpur
Fax No: 603-62048991
SECURITIES COMMISSION MALAYSIA