KUALA LUMPUR: The Securities Commission (SC), concerned about the provision of investment advice via social media upon payment of a fee, has issued a guidance note to warn the public about the possibility of being defrauded.
The SC had on Wednesday said the guidance note was to provide clarity to the industry and members of the public. It focuses on the conduct which the SC would consider as falling within the regulated activity of providing investment advice under the Capital Markets and Services Act 2007 (CMSA).
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