The SC cautioned the public against dealing with unlicensed investment advisers as they could be defrauded. — Picture from Twitter/SCMalaysia
KUALA LUMPUR, Dec 30 — The Securities Commission Malaysia today issued a guidance note to provide clarity to the industry and the public on conduct which it would consider as falling within the regulated activity of providing investment advice under the Capital Markets and Services Act 2007 .
The SC cautioned the public against dealing with unlicensed investment advisers as they could be defrauded or used as part of a market manipulation scheme. Investors were reminded to verify the licensing status of platforms, companies and individuals offering capital market services or products, including the provision of investment advice, before making any investment decision.
“Information on persons licensed or registered by the SC can be found at the public register of license holders