A number of capital market licensed entities have lodged reports on the cloning of their corporate identities by unknown persons or organisations. Any person who engages in securities fraud, holds himself out as a capital market intermediary or carries out any regulated activities without a valid licence or registration from the SC, commits an offence under the Capital Markets and Services Act 2007 and if convicted, may be punished with imprisonment of up to ten years and fined.
The SC reminds investors to always exercise due caution when considering investment opportunities, especially those promising extremely high returns with little or no risks. Investors are also encouraged to verify the status of individuals or companies offering investing opportunities via the SC website at:
(a) www.sc.com.my/regulation/licensing/licensed-and-registered-persons and
(b) www.sc.com.my/development/digital/list-of-registered-recognized-market-operators
Members of the public who suspect that they have been approached by unauthorised firms or individuals offering investment opportunities may lodge a report with our Consumers and Investors Department at 603 6204 8999 or email [email protected].