Malaysia’s SC Ends 2023 With an Updated Alert List | Are Your Brokers Flagged?

In Malaysia, the Securities Commission's INVESTOR ALERT LIST serves as a crucial reference, detailing unauthorised websites, investment products, companies, and individuals engaging in various regulated activities without proper licensing from the SC. These activities encompass dealing in securities, derivatives, fund management, advising on corporate finance, investment advice, financial planning, and dealing in private retirement schemes. Additionally, the list identifies those operating recognised markets without authorization or misusing the SC's logo, falsely representing the commission. Keeping a keen eye on this list is paramount for all investors.

Recently, the SC has updated its Investor Alert List, adding several entities that warrant attention and caution.

Among these are entities like Kofex and BingX, operating digital asset exchanges without proper registration, potentially exposing investors to unregulated practices. Parity Trade, Global Trading Academy, Trading Vidya, Aabedn, Cikgu Investment Coin, Monarch Capita, and Fira Indicator are flagged for engaging in illegal investment schemes, offering unrealistic high returns, and dealing in securities without the necessary licenses. Notably, Aabedn's misuse of the name and credentials of a licensed entity with the SC for fund management raises concerns about misleading practices in the market.

For more detailed information, visit the Malaysian SC website: https://www.sc.com.my/regulation/enforcement/investor-alerts/sc-investor-alerts/investor-alert-list.

Investors should exercise utmost diligence before engaging with any platform or individual offering investment opportunities. The allure of high returns may often disguise underlying risks. Always verify the legitimacy of entities, ensuring they hold proper authorization from regulatory bodies like the SC. Scrutinize details, especially those related to licenses, registrations, and endorsements, avoiding entities that exhibit any form of misrepresentation or operate without the requisite approvals.

Amidst these updates, it is imperative for investors to remain vigilant. Prior to making any investment decisions, thorough checks and verifications of an entity's legitimacy are paramount. Remember, these cautionary alerts aim to protect investors from potential risks associated with unregulated or unauthorized entities operating in the financial markets.

It is essential to note that staying informed about such alerts and updates within the retail trading industry is crucial for every investor's safety and security.

WikiFX, as a leading global forex broker regulatory query platform, provides a reliable resource for investors to access detailed reports on brokerages' regulatory compliance, customer reviews, and transparency levels. With WikiFX, investors gain valuable insights to help them make informed decisions when choosing their trading partners.

As these alerts emphasize the significance of staying informed, WikiFX is committed to continuously updating the latest news and developments related to the retail trading industry. To ensure youre always updated and equipped with essential information for safe trading, download the free WikiFX mobile application from Google Play or the App Store today. Stay informed, trade safely, and protect your investments.