SC adds 3 unauthorised entities, 1 potential clone to Investor Alert List

SC adds 3 unauthorised entities, 1 potential clone to Investor Alert List

The entities are Minos Markets, ZFinances, Cikgu Syahmi Academy, and Bursa Malaysia Biz.

Securities Commission
The Securities Commission has called for investors to exercise due diligence before investing.
PETALING JAYA:
The Securities Commission (SC) Malaysia has updated its Investor Alert List to include three unauthorised entities as well as one potential clone entity.

In its post on X today, SC said the unauthorised entities were Minos Markets Ltd, ZFinances and Cikgu Syahmi Academy.

The regulator also urged investors to beware of a potential clone entity posing as a legitimate entity.

“A potential clone entity called ‘Bursa Malaysia Biz’ has misused the name and credentials of Bursa Malaysia Bhd, an exchange company under the purview of the SC and the finance ministry,” it said.

The SC also urged investors to exercise all due diligence before investing, adding that those who wish for further details may visit the SC’s official website.

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