Clone entity – Stern

The Securities Commission Malaysia has issued a warning regarding a clone firm that has been operating in the country. This clone firm has been falsely claiming affiliation with a legitimate company in an attempt to deceive investors. The name of the entity is Stern.

The authority stated that It is Possible clone to operate an illegal investment Scheme. The commission has urged investors to be cautious and to verify the legitimacy of any firm before committing any funds.

The Securities Commission Malaysia continues to monitor and take action against fraudulent activities in the financial markets to safeguard the interests of investors. It is crucial for investors to remain vigilant and to report any suspicious activities to the relevant authorities to prevent falling victim to scams.

WikiFX Review

When we searched for Stern on WikiFx. We found WikiFx issued a warning against this broker by stating

Warning: Low score, please stay away!

It has been verified that this broker currently has no valid regulation please be aware of the risk!

The current information shows that this broker does not have a trading software. Please be aware!

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.

Its 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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