Monday, April 4, 2011

SC investigates unlicensed futures trading activities

KUALA LUMPUR: The Securities Commission Malaysia (SC) is investigating the activities of seven individuals for possible breaches of the securities laws in relation to the trading in futures contracts without a licence.

In a statement Monday, April 4, the SC said the individuals were:

1.'' Ahmad Fauzi bin Ambran''(NRIC number: 770709-08-5605)

2.'' Ahmad Nazmi bin Mohamed''(NRIC number: 850521-03-5243)

3.'' Mohd Shahrul Firdaus bin Zakaria'' (NRIC number: 851220-08-5049)

4.'' Mohd Khalid bin Sujud''(NRIC number: 870516-01-5609)

5.'' Fakhrul Arif bin Ahmad Husni''(NRIC number: 880526-08-6063)

6.'' Fakhrul Mukmin bin Ahmad Husni''(NRIC number: 840922-08-5891)

7.'' Fakhrul Razi bin Ahmad Husni (NRIC number: 910727-08-6013)

'None of the above persons are licensed by the SC to solicit for monies nor to trade in futures contract on behalf of others.

'Therefore, the public is advised not to deal with or part with any monies to these individuals in connection with trading in futures contracts and to contact the SC should they have information about such dealings,' said the SC.

The SC reminded the public to be wary of investment schemes promising unusually high returns, adding that where such schemes are purportedly linked to licensed intermediaries, investors were advised to verify the legitimacy of such schemes with the licensed intermediary concerned or with the SC.

Members of the public with information or enquiries about this or similar schemes were advised to contact the SC's Investor Affairs & Complaints department by email at
This e-mail address is being protected from spambots. You need JavaScript enabled to view it or phone: 03-62048999 immediately.

The public is also advised to only deal with companies and individuals licensed by the SC as listed at the SC website: www.sc.com.my.

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