THE Securities Commission Malaysia (SC) has issued a warning to the public, specifically investors, about certain entities/companies’ unauthorised use of its name and logo in promotional materials for their investment products.
In particular, the SC would like to emphasise that it does not endorse or approve any cash trust investment products in the market. As such, any use of 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,” the market regulator pointed out in a media statement.
“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.”
The SC further reminded the public as well as trust companies that videos on cash trusts produced by the SC are solely for educational purposes. It is not intended to be re-produced on any medium by trust companies in relation to their cash trust investment products.
“The public is strongly encouraged to report any suspicious activities or misleading investment information to the SC. This will help protect other investors from potential risks and assist them in making informed investment decisions,” it noted.
“The SC’s Consumer and Investor Office can be reached at +603 6204 8999 or through e-mail [email protected] for reports or enquiries.” – Aug 14, 2023