SECURITIES COMMISSION SEEKS PUBLIC HELP 🆘
18 February 2021 | Kuala Lumpur
The Securities Commission Malaysia (SC) is seeking information from members of the public to locate Uzir Abdul Samad (Uzir), otherwise known as Haji Uzir, who is a suspect in SC’s investigation into activities of an unlicensed investment adviser. 😡
In 2016, the SC obtained a warrant of arrest against Uzir
Uzir, 49, (IC: 720824-01-5543) is currently at-large and has been listed as a wanted person by the SC in connection with offences under the Capital Markets and Services Act (CMSA).
He was last known to be working as a Richlist Club Boutique Advisor for Richlist Club Malaysia (PPM-019-14-14042017).
The SC has taken several measures, including, placing advertisements and working with relevant authorities to track Uzir.
In 2016, the SC obtained a warrant of arrest against Uzir for offences for carrying out regulated activities without a license 💥
Penalty - fine not exceeding RM10 million or imprisonment not exceeding 10 years, or both
🚨The warrant of arrest is also for defrauding investors by representing himself as a member of the Financial Planning Association of Malaysia (FPAM) and a Capital Markets Services Representative’s License (CMSRL) holder. 🚓
If convicted, Uzir is liable to a fine not exceeding RM10 million or imprisonment not exceeding 10 years, or both
Members of the public with any information on Uzir’s whereabouts or activities are urged to notify the SC by calling 012-3812497 or email to firstname.lastname@example.org
Providing investment advice is a regulated activity under the CMSA.
Members of the public are reminded to be vigilant and to verify the license or registration of individuals, companies and platforms offering capital market services or products, before making any investment decisions. This includes the provision of investment advice.
Checks can be done through the SC website:
Public Register of License Holders www.sc.com.my/licensed-registered-persons
List of Registered Recognized Market Operators www.sc.com.my/rmo
To whoever wants to be a competent investment advisors, please follow the correct path to get your license or you may end up ruining your entire life. 😱
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