SC Malaysia Adds 14 Clone Entities To Investor Alert List

KUALA LUMPUR, Oct 21 (Bernama) -- The Securities Commission (SC) Malaysia has updated its Investor Alert List to include 14 potential clone entities and five unauthorised entities as of 18 October 2024.

In a post on X today, the SC urged investors to be cautious of potential clone entities that may be impersonating legitimate firms.

The regulator identified the potential clone entities as Maybank Investment, Maybank Syariah Telegram Group, HSBC Bank Investment 24, HSBC Bank Official, Pelaburan Syarikat HSBC Malaysia, Berjaya HSBC Investment Malaysia and Amanah Saham Nasional Bhd.

“The potential clone entities also include Tengku Idris FX, Bursa Malaysia Biz, iFast Capital 212, TH Plantations, and Bursa Malaysia,” it said.

Meanwhile, the SC noted that the five unauthorised entities include Sahabat Trader, MMCT Pro, Capital Insight Network, Deus Technology and L-Trader. 

“For further details, investors may visit the SC’s official website at https://www.sc.com.my/investor-alert-list,” it added.

-- BERNAMA