SC - Guidance Note on the Provision of Investment Advice
On 18 July 2024, the Securities Commission Malaysia (SC) issued a media release relating to the updated Guidance Note on the Provision of Investment Advice (Guidance Note) to address the growing popularity of financial influencers (finfluencers) promoting capital market products and services on social media, as well as to create greater public awareness.
Finfluencers should verify the companies promoted by them are licensed or approved by the SC by using the SC’s Investment Checker.
The Guidance Note can be downloaded at https://www.sc.com.my/regulation/guidance-notes-and-guiding-principles and the infographic is available at https://www.sc.com.my/investor-empowerment/info-on-finfluencer.
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