Investor Alerts - Dagang Algomecs Sdn Bhd (“Algomecs”)
| Company: | Dagang Algomecs Sdn Bhd (“Algomecs”) |
| Regulator: | Securities Commission |
| Jurisdiction: | Malaysia |
| Date: | 07 May 2024 |
| Link: | https://www.sc.com.my/investor-alert-list |
| Subject: | Miscellaneous |
| Comments: | Dagang Algomecs Sdn Bhd (“Algomecs”) was found to have provided automated trading and investment strategy to investors. This is a regulated activity of providing investment advice and/or dealing in derivatives which requires a licence from the SC under the Capital Markets and Services Act 2007. As Algomecs did not hold a Capital Markets Services Licence, a directive was issued on 18 May 2018, directing Algomecs to cease carrying on such activities. |