PETALING JAYA: The Securities Commission (SC) has urged members of the public to be wary of unauthorised and misleading use of the SC logo and name for the endorsement of promotional websites, investment products or programmes.
In a statement, it said: “It has come to the SC's attention that www.kuasaforex.com has been using our corporate identity o n its website to promote products and services related to the trading of foreign currencies (forex).
"The SC would like to alert the public that we are in no way associated with this website or its promoters and do not in any way endorse its activities.”
It said the SC had included the website on its Investor Alert list and it would take appropriate action in relation to the unauthorised and misleading use of its name.
“Scams can come in the guise of seemingly attractive investment opportunities or schemes offered online. They may also be camouflaged as learning and training programmes.
“These schemes sometimes fraudulently claim the endorsement or approval of regulators,” said the SC.
It said the public were reminded that the SC did not endorse any promotional websites or investment products and programmes, adding that the list of companies and individuals licensed by the SC to carry out investment activities, including providing investment advice, could be found on its website at www.sc.com.my.
The SC would also like to advise the public that activities relating to trading in for ex fell under the purview of Bank Neg ara and would require its approval.