SC adds three entities to Investor Alert List, one of which is a potential clone

SC adds three entities to Investor Alert List, one of which is a potential clone
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KUALA LUMPUR (May 19): The Securities Commission Malaysia (SC) has updated its Investor Alert List.

In an alert on Wednesday (May 18), the commission said the following persons/entities had been added to the list:

  • Potential clone entity — NordFX Asia
  • FXOpen
  • AlexisFX

The Investor Alert List contains a list of unauthorised websites, investment products, companies and individuals, including:

  • Persons carrying on or holding themselves out as carrying on the following regulated activities without a licence from the SC:
    • dealing in securities
    • dealing in derivatives
    • fund management
    • advising on corporate finance
    • investment advice
    • financial planning, and
    • dealing in private retirement schemes.
  • Persons operating a recognised market without authorisation.
  • Persons issuing or offering securities without approval, authorisation or recognition.
  • Persons misusing the SC’s logo and misrepresenting the SC.