SC investigates Locke and RBTR
20 August 2009   |   Kuala Lumpur
The Securities Commission Malaysia (SC) has launched an investigation into the activities of Locke Capital Investment (BVI) Ltd (Locke Capital) and Locke Guaranty Trust (NZ) Ltd (Locke Guaranty), as well as RBTR Asset Management Berhad (RBTR), a licensed fund manager. It has come to the SC’s attention that Locke Capital and Locke Guaranty have held themselves out as a fund manager in Malaysia in association with RBTR. The public is warned that Locke Capital and Locke Guaranty are not licensed by the SC to undertake any regulated activity in Malaysia including that of fund management.

The SC has directed RBTR to cease soliciting new funds from the public, either directly or through its representatives, until further notice. The SC had also appointed an independent auditor to examine the fund management activities of RBTR and to monitor the transactions of RBTR.

The SC would like to reiterate the importance of understanding the nature of a product or scheme and, more importantly, assessing the risks involved in an investment before investing. Investors are advised to be aware that all investments possess some level of risk.
SC-World Bank-IOSCO Asia Pacific Hub Conference 2019: Enhancing Financial Inclusion through Islamic Finance and FinTech
(From left to right):
  1. Abayomi A. Alawode, Head of Islamic Finance, Finance, Competitiveness and Innovation, The World Bank Group
  2. Datuk Syed Zaid Albar, Chairman of the Securities Commission Malaysia (SC)
  3. Dr. Firas Raad, Country Manager for Malaysia, East Asia and Pacific, The World Bank Group 
  4. Datuk Zainal Izlan Zainal Abidin, Deputy Chief Executive of SC
about the SC
The Securities Commission Malaysia (SC) was established on 1 March 1993 under the Securities Commission Act 1993 (SCA). We are a self-funded statutory body entrusted with the responsibility to regulate and develop the Malaysian capital market.

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