Thursday, August 4, 2011

#Update* SC places US-based RS Life Fund on alert list

KUALA LUMPUR: The Securities Commission (SC) has placed RS Life Fund Management, a company with addresses in the United States, on its alert list for unlicensed activities.

The company was placed on the SC's alert list on Thursday, Aug 4.

In an e-mail reply to The Edge Financial Daily, an SC spokesperson said RS Life Fund Management, RS Investment and RS Invest had been placed on the alert list because the entities were not licensed by the SC to undertake any fund management or other regulated activities under the Capital Markets & Services Act 2007 in Malaysia.

The SC listed three addresses for the company in the US, as well as two websites to alert investors.

The addresses were listed as:

Investments, c/o Boston Financial Data Services, P.O.Box 219717 Kansas City MO64121-9717

Investments, c/o Boston Financial Data Services, 330 West 9th Street, First Floor, Kansas City, MO 64105-1514

Investments, 388 Market Street, Suite 1700, San Francisco, CA 94111

The websites are: '' and

The alert list includes websites, investment products, companies and individuals not authorised nor approved under the securities laws to deal in securities, trade in futures contracts, advise on corporate finance, provide investment advice, financial planning and/or fund management services related to securities or futures.

'The public is advised not to make any investment with companies/individuals that are not licensed or approved by the SC.

'Offers often come in the guise of seemingly attractive investment opportunities or schemes and may also be camouflaged as direct selling or business opportunities,' the SC said on its website.

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