Stop it, SC tells unlicensed stock advisers


In a statement, the SC said the seven operators and advisers were found to have been carrying out the business of advising others concerning securities or derivatives, including providing stock recommendations upon a fee.

PETALING JAYA: Seven unlicensed stock gurus have been slapped with cease and desist orders by the Securities Commission (SC) as the capital market regulator tries to clamp down on illegal investment advice.

In a statement, the SC said the seven operators and advisers were found to have been carrying out the business of advising others concerning securities or derivatives, including providing stock recommendations upon a fee.

Subscribe now and receive free sooka plan for 1 month. T&C applies.

Monthly Plan

RM13.90/month

Annual Plan

RM12.33/month

Billed as RM148.00/year

1 month

Free Trial

For new subscribers only


Cancel anytime. No ads. Auto-renewal. Unlimited access to the web and app. Personalised features. Members rewards.
Follow us on our official WhatsApp channel for breaking news alerts and key updates!

Next In Business News

A growing force in the property market
Secrets to selling a tenanted home
Hallmarks of good landlords
Ringgit set to stay firm with upside bias against US dollar next week
Trump threatens new tariffs on European Union and Apple, reigniting trade fears
New managers CLO-g market
Region’s fruits of beauty
Big contracts don’t always mean big returns
A night market of healing
New measures to stop the rot

Others Also Read