SC MALAYSIA Cautions Against FXGT

SC Malaysia issued a cautionary statement regarding FXGT on 16 Aug 2024. The regulatory body has highlighted potential risks associated with dealing with FXGT.

The regulatory authority emphasized the importance of due diligence and regulation compliance when dealing with such entities. Traders are urged to be vigilant and seek advice from financial experts if necessary.

In light of the warning issued by SC Malaysia, market participants are urged to consider their interactions with FXGT carefully. It is essential to prioritize the security of investments and ensure full compliance with regulatory requirements to mitigate potential risks.

ABOUT Securities Commission Malaysia

The Securities Commission Malaysia (SC) was established on 1 March 1993 under the Securities Commission Act 1993 (SCA). It is a self-funded statutory body entrusted with the responsibility to regulate and develop the Malaysian capital market.

Securities Commission Malaysia mission is “to promote and maintain fair, efficient, secure and transparent securities and derivatives markets; and facilitate the orderly development of an innovative and competitive capital market”.

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