Malaysia SC Updates Investor Alert List, Adding 27 More Unauthorised Companies in June 2023

The Securities Commission Malaysia (SC) has updated its Investor Alert List, 27 unauthorized websites, investment products, companies or individuals were added to the warning list in June 2023. 

Please take note that this list is not exhaustive and only serves as a guide to investors prior to making any investment decisions.

The following person(s)/entity(ies) was/were added to the list in June 2023:

1. Potential clone entity – iWahed

2. Potential clone entity – FA Advisory 134

3. Potential clone entity – Pelaburan Malaysia/Pelaburan Bank

4. Muamalat Malaysia

5. Hikmah Al-Istithmar

6. Fintoch

7. Potential clone entity – Tabung Haji & Pelaburan

8. Potential clone entity – Market Investment Sinegy Malaysia / 9. Salam Kejayaan

10. Pelaburan Patuh Syariah

11. Hidayah Al-Tharwa

12. Potential clone entity – Legacy Advisory WhatsApp Group

13. Potential clone entity – Apex Securities WhatsApp Group

14. Potential clone entity – Success Mutual Trading

15. Potential clone entity – Iskandar Investment

16. WiseMarket

17. SureX

18. Potential clone entity – 159.Agro Bhd.Forbes.CPT

19. Potential clone entity – Fundaztic (WhatsApp)

20. Stars Invest Malaysia, MyFund Amanah Group

21. Potential clone entity – Maybank2u (Telegram group)

22. Potential clone entity – FM Global Invest 165

23. Potential clone entity – Areca Sdn Bhd

24. Potential clone entity – Angelic Phoenix

25. PBGold Insure Sdn Bhd

26. Potential clone entity – Luno Malaysia01 (Telegram Group)

27. Potential clone entity - InsureDIY

The list is updated periodically for public's reference.