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.