The Securities Commission Malaysia (SC) has issued an investors alert on an additional list of unauthorised websites, investment products, companies and individuals.

The regulator has added 10 companies operating without SC’s licence or authorisation under its Investor Alert which are Axia Capital Malaysia, Massive E-Trade, Assets Harvest, Bigboys Academy Sdn Bhd, Ultra Saham (Mohamad Firdaus bin Abdul Rahim),Golden Trading, Samtrade FX,Classic 33 Trading, Al-Fazal / Al-Fazal Finance and Potential Clone Entity-TA Investment.

The list includes persons carrying out regulated activities without a licence from the SC in dealing in securities and derivatives, fund management, advising corporate on corporate finance, investment advice, and financial planning.

The activities also include dealing in private retirement schemes, persons operating a recognised market without authorisation, issuing or offering securities without approval, authorisation or recognition and misusing SC’s logo and misrepresenting the SC.

More details available for investors at https://www.sc.com.my/regulation/enforcement/investor-alerts/sc-investor-alerts/investor-alert-list. –TMR