The Securities Commission Malaysia has to date, following the issuance of the Guidance Note on Provision of Investment Advice on Dec 30, 2020, directed seven operators, comprising entities and related individuals, to cease and desist from undertaking all activities in relation to unlicensed investment advice.
The seven unlicensed operators and advisers are Don Trader/DT Academy Sdn Bhd; Engineer Saham/Ergonamos Marketing’s Mohd Faizal Raihan; Felix Consulting; Lifestyle Trading Masterclass/LTM Tech’s Jeremy Looi Chee Keong; One Stock Centre/Stock Advisor/The SuperInvestor/SA Expert Consultancy’s Logeswaran Balasubramaniam; Serikandi Saham/Thoriq Legacy Sdn Bhd’s Fatin Fatini Ismadi and Teknik Saham’s Fazlisyam Md Isa.
The SC also warned the operators of other online webinars, seminars, social media, and messaging applications chat rooms to cease carrying out unlicensed investment advice activities.