Malaysia SC Updates Investor Alert List, Flags Two New Unauthorised Entities

The Securities Commission Malaysia has expanded its Investor Alert List with further details on two newly flagged entities, highlighting serious red flags linked to illegal investment schemes.

The following person(s)/entity(ies) was/were added to the list as at 8 April 2026:

1. Gold-X Trading
2. Imran Finance

According to the regulator, Imran Finance was found promoting unrealistic returns, claiming investors could turn RM350 into RM4,200 within just two hours. Similarly, Gold-X Trading advertised profits as high as RM22,500 within 3 to 6 hours from a RM500 investment.

Both schemes were reportedly operated via Telegram links, a common tactic used by scammers to evade regulatory scrutiny and quickly reach potential victims.

The SC stated that these entities are involved in unlicensed capital market activities, including dealing in securities without approval. In addition, Gold-X Trading was cited for misrepresentation and misuse of the regulator’s name—an alarming tactic designed to falsely build credibility.

Authorities stressed that such “guaranteed high returns in a short time” are a classic hallmark of investment fraud. Investors are urged to remain vigilant, avoid engaging with suspicious online offers, and always verify whether a company is licensed before investing.

BrokersView reminds you

Scammers in Malaysia may promote fraudulent investment schemes on social media and promise unrealistic returns.

If you are not sure about your broker’s regulatory status, you are advised to ask BrokersView. The BrokersView team offers free license reviews for traders.