More Unlicensed Financial Service Providers Flagged by SC Malaysia in June
In June, the Securities Commission Malaysia (SC) warned 14 unlicensed and potentially cloned entities for carrying on unregulated capital market activities.
Part of the warned entities misused details of authorized firms, including names, and the watchdog's name and logo. And some of the entities in the List may even be involved in fraudulent investment schemes.
Meanwhile, this list is not exhaustive and only guides investors before making any investment decisions, the SC Malaysia reminded.
Besides, though the SC has named some of the scammers on its Alert List, more financial criminals are waiting for their prey.
Unlicensed entities
| Name | Websites / App | Screenshot of website |
|
Aifeex |
https://aifeex.com/ https://www.youtube.com/watch?v=jYncGvYdC-E https://t.me/Aifeex |
 |
|
Menang Saham Trade |
https://menangsaham.trade/ |
 |
|
Crypto Global FX |
https://globalcryptosfx.space/ |
 |
|
STIFELAI |
https://play.google.com/store/apps/details?id=com.sqkzhw.lfkstifel https://apps.apple.com/my/app/stifelai/id6746065728 |
/ |
|
Meta Fund |
https://app.xmeta-fund.com/trad |
/ |
|
DGQEX |
https://www.dgqex.com https://www.dgqexek.com/ |
 |
|
Habib Fund |
https://habib-funds.com |
 |
Potential Clone
| Name | Website | Screenshot of fake document | Misused firm details |
|
Halogen Capital |
/ |  |
Halogen Capital Sdn Bhd (eCMSL/A0388/2023) |
|
CLSA Securities |
/ |  |
CLSA Securities Malaysia Sdn. Bhd. (CMSL/A0067/2007) |
|
TSKONE Official |
https://tskone-mytrade.com/ |
/ |
Terasek One Sdn Bhd (eCMSL/A0395/2023) |
|
OUD Asset |
/ |  |
OUD Asset Management Sdn. Bhd. (eCMSL/A0340/2017) |
|
Al Habib Capital Markets |
https://alhabibcapital.com/user/login |
/ | / |
|
BursaMalaysia / bursa.fgovidwbb.bond |
http://bursa.fgovidwbb.bond/?token=bursa |
 |
Bursa Malaysia Berhad |
|
https://qfii.sccom.vip |
https://qfii.sccom.vip |
 |
SC’s Public Register of Licence Holders and Registered Persons |
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.
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