KUALA LUMPUR: The Securities Commission (SC) has issued cease and desist order to seven unlicensed operators, comprising entities and related individuals, offering investment advice. In a statement issued on Monday, it said the seven unlicensed operators and advisers include Don Trader/ DT Academy Sdn Bhd; Engineer Saham/ Ergonamos Marketing (Mohd Faizal Raihan); Felix Consulting; Lifestyle Trading Masterclass/ LTM Tech (Jeremy Looi Chee Keong). The orders followed the issuance of the “Guidance Note on Provision of Investment Advice” on Dec 30,2020. The SC placed all of the seven operators with their relevant details in the SC’s Investor Alert List http://www.sc.com.my/investor-alertThe SC also warned the operators of other online webinars, seminars, social media, and messaging applications chat rooms to cease carrying out unlicensed investment advice activities. Checks can be done through the SC website via the Public Register of Licence Holders www.sc.com.my/licensed registered-persons and List of Registered Recognised Market Operators www.sc.com.my/rmo

Source: The Star March 22, 2021 05:15 UTC