The Securities Commission Malaysia (SC) has warned the public, specifically investors, about certain entities or companies’ unauthorised use of the SC’s name and logo in promotional materials for their investment products.
The regulator said two companies have recently been identified using the SC’s name and logo in their promotional materials for cash trust investment products without permission.
"They have since been directed to remove all references to the SC in all related promotional materials, including videos," it said in a statement today.
The SC stressed that it does not endorse or approve any cash trust investment products in the market.“As such, using the SC’s name and logo in cash trust investment promotional materials is prohibited.
"The SC views this matter seriously, as such an act may cause the public to believe that the SC endorses and approves the cash trust products," it said.
The regulator reminded the public and trust companies that videos on cash trusts produced by the SC are solely for educational purposes.
It added that they are not intended to be reproduced by trust companies about their cash trust investment products on any medium.
"The public is strongly encouraged to report any suspicious activities or misleading investment information to the SC, (as) this will help protect other investors from potential risks and assist them in making informed investment decisions," it said.
The SC’s consumer and investor office can be reached at +603 6204 8999 or via email at aduan@seccom.com.my for reports or enquiries.
- Bernama
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