Category: Securities Commission
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2013 $8b penny stock crash masterminds John Soh Chee Wen and Quah Su-Ling found guilty of 349 charges in Singapore
Malaysian John Soh Chee Wen and his girlfriend Quah Su-Ling, the masterminds of Singapore’s most serious case of market manipulation that wiped out more than SG$8 billion from the stock market in October 2013, were convicted on 349 counts of market manipulation, deception and cheating financial institutions. High Court judge Hoo Sheau Peng on Thursday afternoon (May…
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Financial Scams Increased by Double – who are Not Licensed and listed in the Investor Alert List of the Security Commission
The Securities Commission Malaysia (SC) has received more than 2,000 complaints and enquiries on financial scams between January and September. Speaking at the SC’s Virtual InvestSmart® Fest 2021 today, commission chairman Syed Zaid Albar said financial scams, as well as dealings involving unlicensed financial planners, have more than doubled this year, possibly exacerbated by the…
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Security Commission issues cease and desist order to RimauSwap, a Decentralized Cryptocurrency Exchange (DEX)
The Securities Commission Malaysia (SC) has issued a cease and desist order to RimauSwap for operating a decentralised exchange (DEX) without authorisation from the commission. SC said the action was taken following information received from the public. “SC will also seek the assistance of the Malaysian Communications and Multimedia Commission to block RimauSwap’s website. Additionally,…
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Beware: The Puppet Master, The Shadow Director, The Scam Mastermind who controls the finances.
In company law and also in Auditing Standards. when there is a shadow director, it is a strong indicator of fraud. A shadow director controls the board but does not wish to be named in the company documents because he wants to get away scot free after using and manipulating the board to steal without…
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Apology Notice to Wong Jeh Shyan, Connie Low, Precession Capital Bhd., Nash Nazril Idrus, and Miracles Of Capital Alumni
I want to genuinely apologize for some alleged defamatory articles and social media postings I wrote in 2019 and 2020, about Precession Capital Bhd., Wong Jeh Shyan, Connie Low, Fashion Library and FoodBar, Nash Nazril Idrus, Jimmy Phoon, Cynthia Chiam, Dato Rayson Wong, AlphaCap, Dr. SK Tham, ALPS, UncleZam, Zamsaham, Marcus Leng, and some people in…
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Do you know that Raising Pre-IPO funds is Illegal in Malaysia and you need a SCM License to be a Private Equity firm?
[A Robert Chaen Investment Series] Be warned that there are many investors and fund-raisers who are not aware that when they sell the IPO dream, they must always warn the audience or students that they must first get approval from the Security Commission Malaysia (SCM), and offer a SCM-approved prospectus when raising pre-IPO funds. According…
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