,The SC placed all of the seven operators with their relevant details in the SC’s Investor Alert List http://www.sc.com.my/investor-alert KUALA LUMPUR: The Securities Commission (SC) has issued cease and desist order to seven unlicensed operators, comprising entities and related individuals, offering investment advice. In a statement issued on Monday, it said the seven unlicensed operators and advisers include Don Trader/ DT Academy Sdn Bhd; Engineer Saham/ Ergonamos Marketing (Mohd Faizal Raihan); Felix Consulting; Lifestyle Trading Masterclass/ LTM Tech (Jeremy Looi Chee Keong). One Stock Centre/ Stock Advisor/ The SuperInvestor/ SA Expert Consultancy (Logeswaran A/L Balasubramaniam); Serikandi Saham/ Thoriq Legacy Sdn Bhd (Fatin Fatini Ismadi) and Teknik Saham (Fazlisyam Md Isa). The orders followed the issuance of the “Guidance Note on Provision of Investment Advice” on Dec 30,2020. The SC said providing investment advice is a regulated activity that requires a licence under the Capital Markets and Services Act 2007 (CMSA). Any person carrying on a business of giving investment advice without a licence commits an offence under the CMSA which is punishable with a fine not exceeding RM10 million or imprisonment not exceeding 10 years, or both. The cease and desist orders were issued after the SC found these operators are carrying out the business of advising others concerning securities or derivatives, including providing stock recommendations upon payment of a fee. These activities are usually carried out in subscription-based private chat groups on Telegram, Whatsapp and Facebook. The SC placed all of the seven operators with their relevant details in the SC’s Investor Alert List http://www.sc.com.my/investor-alert 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. The SC is monitoring this closely and will, where appropriate, take action against those who breach securities laws. The public are also urged to report to the SC if they have been approached by unlicensed persons offering capital investment advice at Aduan@seccom.com.my or call +603-6204 8999. “While the SC carries out pro-active internet surveillance to stem illegal capital market activities perpetrated through social media, the public are also reminded to be vigilant and be cautious of the risks of participating in any investment schemes, as they could be defrauded or used as part of a market manipulation scheme. “Investors should verify the licence or registration of individuals, companies and platforms offering capital market services or products, before making any investment decision. This includes the provision of investment advice, ” it said. Checks can be done through the SC website via the Public Register of Licence Holders www.sc.com.my/licensed registered-persons and List of Registered Recognised Market Operators www.sc.com.my/rmo
if you want to buy apple account, choose buyappleacc.com, buyappleacc.com is a best provider within bussiness for more than 3 years. choose us, you will never regret. we provied worldwide apple developer account for sale.