As far as I know, I've not seen any doc by UBB stating they're regulated under BNM or SC Malaysia. So in any event of default / dispute, you can't bring the matter to them.

Unless someone has any evidence to show otherwise.

You may choose to dispute, provided you know what did UBB do with your money - in this case, do you even have any idea where is your money invested for that return? Do you even understand any underlying risk?

In any case, I'm sure you've signed off some documents to agree to undertake the risk to allow the trustee (UBB) to invest your money for a return. If there is any losses, that's on you.

The purpose of BNM or SC in a picture is in the event of such dispute, there is a entity that you can go to which is covered by law. Ask yourself why no trustee firms operate cash trust that gives high returns even though they're more established or well-known than UBB? The only act that you can rely on would be the Trustee Act 1949 - purview of Suruhanjaya Syarikat Malaysia (SSM)

You can file your court case but that's on your own expense to seek for "damages" but like I said, there is no such thing as risk free "investment" for a high return.

Understand this Example
1. You (Settlor) pass your money to UBB (Trustee) to hold on your money and allow them to invest it on your behalf.

Same scenario
2. You (Settlor) pass your money to John (Trustee) to hold on your money and allow John to invest it on your behalf, any losses, you can't blame John for losing the money other than being mad at him but that's your issue because you trust in John's ability to "invest" your money. Now you want to sue John for your losses because you trusted him?
- Do you even know where John invest your money to? - "Unknown & Non-Disclosure"
- Did John tell you what's the risk of investing with him? - "Unknown & Non-Disclosure"
- Did John guarantee anything to you? if yes, that's on his own capacity to fulfill it. Not obligated by law if he's not honoring it. - "Projected returns"

they are the regulators, you're making it sound like SC and BNM are just names to throw over a conversation like your grandma story.

You bring someone to court because of a BREACH. In your case, a DISPUTE (disagreement/argue about something) happened because something didn't follow through from the original agreement between you and the Trustee. So you're trying to pin a BREACH in the "agreement/contract". So good luck bringing to court and argue on what law did the Trustee breach that made them liable to pay on your litigation claims.

https://www.sc.com.my/resources/media/media...d-civil-penalty

Don't face palm too much, later face also swollen.

Please ya, if you're salty over SC and BNM on their job, bring it to them. I am not here to entertain you and your grudge against them.

And a word of advise, learn to talk and ask properly, not in a sarcastic way with your  . if that's your style, I feel sorry for you.

- I won't bother to reply your quotes anymore unless it's related to UBB / thread-

Federal also

Does these questions warrant the need to email n seek a meeting to get answers?
Really hv too much boring nothing productive to do at the office?

Is that what you experienced when she asked you do as per image?
Taken from lyn tread
ACE Holdings Berhad | ACE Group, Anyone here is an investor?
https://forum.lowyat.net/topic/4721390

same what?

you called/emailed,....and she "Basically sweet talk you into buying something while smoothen and hide those shams behind the scenes" (as you posted earlier?)

you really experienced it from her or you just assumed ??

ok,...thanks for the confirmation of your posting.