A new Investor Alert List for September has been released by the Securities Commission Malaysia (SC), highlighting unapproved websites, investment products, businesses, and individuals. This list serves as a resource for the public, helping investors make informed decisions by identifying potential risks before committing to investments.
In the September update, several entities and individuals have been added to the SC’s alert list. These include:
- BXtreme Markets – This entity has been flagged as operating without proper authorization.
- Vebson – Another unauthorized entity, Vebson, has been added due to its unregulated activities.
- Potential Clone Entity – Creador (WhatsApp) – A potential clone of the legitimate private equity firm, Creador, has surfaced. The SC has flagged the use of WhatsApp for communication in this case, suggesting that scammers may be posing as representatives of the genuine company.
- Potential Clone Entity – AxiTrader / Smart2returns – A potential clone of the well-known forex trading platform AxiTrader has been identified. The entity Smart2returns may be using the name and reputation of AxiTrader to mislead investors.
- Bursa Saham KL Trader – This entity has also been added to the list for operating without proper regulatory oversight, posing a risk to investors.
- Potential Clone Entity – Apex Anchor Capital – Another clone entity, Apex Anchor Capital, is suspected of impersonating a legitimate investment firm, luring investors into fraudulent schemes.
- FMG Group Empire Sdn Bhd (1494719-V) – This company has been flagged as unauthorized by the SC and has been added to the list for engaging in unlicensed investment activities.
- StockPro Sphere – Similarly, StockPro Sphere has been included in the list for operating without the required regulatory authorization.
The SC periodically updates this alert list as part of its efforts to protect investors and promote transparency in Malaysia’s financial markets. It serves as a guide for investors, highlighting only some of the unregulated or suspicious entities active in the market. The absence of a name on the list does not necessarily mean that an entity or individual is safe to invest with.
The SC also emphasizes the need for investors to be cautious and vigilant, especially when dealing with entities offering investment opportunities through unofficial channels, such as social media or messaging platforms like WhatsApp. Scammers often clone legitimate firms, using similar names or branding to deceive investors.
Investors in Malaysia are advised to regularly consult the SC’s website for updates on the alert list and to verify the licensing status of any entity or individual they are considering investing with. The SC remains committed to protecting investors by providing timely information and monitoring unauthorized activities within the financial sector.
Be aware of schemes like Forex Trading Deceptions, Cryptocurrency Cons, Internet Dating Scams or Romance Fraud, Pump and Dump Tactics, Ponzi Schemes, Investment Deceptions, Fake Trading Platforms, Phishing Attacks, Robo-Advisors Deceptions, and Binary Options Deceptions.
If you have already fallen victim to fraud, take quick steps to recover your money. While the process can be tough, patience and completing the proper steps can improve your chances of receiving your money back.
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