SC adds five entities to Investor Alert List, three being potential clones

KUALA LUMPUR (May 3): The Securities Commission Malaysia (SC) has updated its Investor Alert List.

In an alert on Tuesday (May 2), the commission said the following persons/entities were added to the list:

Potential clone entity — BNP Paribas Asset Management — Pelaburan Saham Patuh Syariah
Ixtik
Potential clone entity — Islamic Capital
Domains
Potential clone entity — Halal Capital

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; and
Persons misusing the SC’s logo and misrepresenting the SC.