This message comes to you from the Consumer and Investor Office (“CIO”) of the Securities Commission Malaysia (“SC”).
A. Clone Firm Scams involving intermediaries
From January – March 2026, we have included four (4) clone firm scams (of SC’s licensed intermediaries) on our SC Investor Alert List, as follows:
| No. | Name of Unauthorised Website/Products/ Entities/Individual | Remarks |
| 1. | Potential clone entity – Bos Wealth Management (https://daftar-boswm.netlify.app/) | 1. Misusing the name and credentials of BOS Wealth Management Malaysia Berhad (eCMSL/A0144/2007) a licensed entity with SC for dealing in securities (dealing in securities restricted to unit trusts), fund management (fund management in relation to portfolio management) and investment advice to carry out an illegal investment scheme offering high returns e.g. return of RM15,781 with investment of RM7,532 2. Misrepresentation and misuse of SC’s name and logo |
| 2. | Potential clone entity – Opus Asset Management (https://opusregistration.netlify.app/ | https://chat.whatsapp.com/E6pWKqRIJXc7YuispmTlNk?mode=gi_t) | Misusing the name and credentials of Opus Asset Management Sdn Bhd (eCMSL/A0095/2007) a licensed entity with SC for dealing in securities (dealing in securities restricted to unit trusts) and fund management (fund management in relation to portfolio management) to carry out an illegal investment scheme offering high returns e.g. return of RM13,254 in 3-8 hours with investment of RM7,888 |
| 3. | Potential clone entity – Hata Digital | 1. Misusing the name and credentials of HATA Digital Sdn Bhd (a registered Digital Asset Exchange (DAX) operator with the SC) to carry out an illegal investment scheme 2. Misrepresentation and misuse of SC’s name and logo |
| 4. | Potential clone entity – Mercury Securities | Misusing the name and credentials of Mercury Securities Sdn Bhd (eCMSL/A0015/2007) a licensed entity with SC for dealing in securities, advising on corporate finance and investment advice to carry out an illegal investment scheme |
These clone firm scams had impersonated SC’s licensed entities, including misusing their name and logo and credentials of legitimate entities. The scams were promoted via social media channels such as Facebook and WhatsApp to lure investors with investment packages guaranteeing high returns.
B. Observation of new Modus Operandi (MO):-
We continue to observe new and evolving scam tactics, and we took steps to ensure timely interventions were taken. Recently, the following trend was identified:
Fake Investment Lesson Advertisements on Social Media
- This scam typically originates from advertisements on social media platforms such as Facebook or Instagram, promoting free investment classes or financial literacy sessions.
- Once individuals register their interest, they are invited to join WhatsApp groups purportedly led by investment “mentors” or “experts.”
- Within these groups, scammers gradually build credibility by sharing market updates and simulated investment tips.
- As the engagement progresses, participants are told that the Malaysian stock market is underperforming and are persuaded to invest through links to download mobile applications or APK files.
- These applications are in fact fraudulent trading platforms designed to defraud or to obtain personal information.
C. Investor Education
As part of our ongoing investor education efforts, InvestSmart® have developed short and bite-sized videos to share timely insights and raise public awareness:
- Emerging investment scam trends observed in 2025 (https://bit.ly/4s4SBj6).
- Financial and investment concepts through Duit Diaries (https://bit.ly/41Ct1Hb) and Capital Market Essentials (https://bit.ly/3NziAkz)