When it comes to investing in Malaysia, it’s essential to be cautious and only invest in licenced schemes. Otherwise, you risk falling victim to investment scams, which can result in significant financial losses with little to no chance of recovery. To avoid such situations, it’s important to invest in licensed intermediaries, such as banks, brokers, fund management companies, unit trust management companies, and private retirement scheme providers and distributors.
If you do find yourself in a situation where you have suffered a financial loss due to a dispute involving an authorised capital market intermediary, Securities Industry Dispute Resolution Center (SIDREC) can help you. SIDREC provides an independent and impartial dispute resolution service and was set up by the Securities Commission Malaysia (SC) to provide investors with a free and alternative avenue for redress outside of the courts.
SIDREC contributes towards ensuring that investors have the support they need when things go wrong.
SIDREC can mediate a resolution with the capital market intermediary in question, or, if necessary, review the matter through an adjudication hearing and make a binding decision. SIDREC Members include capital market intermediaries such as banks, stockbrokers, derivatives brokers, fund managers, unit trust management companies and private retirement scheme providers and distributors.
Investing in licenced schemes and intermediaries is crucial to avoid investment scams and protect your finances. If you do suffer a financial loss, remember that you can turn to SIDREC for help and support.