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Report a illegal Forex company
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TSkiralim5315
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 Sep 5 2019, 01:44 PM, updated 7y ago
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New Member
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Hi all, i recently just discover a company that is illegal whereby they all trading forex, however, they register a SSM name under a different name of it original company. Thus i would like to ask am I able to complaine such company even they did not involve in trading forex with local Malaysian, but they are actually set up a company here to contact foreigner to invest in forex. If yes, what will happend to the employee inside work for them both foreigner and local Malaysian, and what's the consequenses of the company. If not, what can I do to prevent the company keep cheating others and recruit new employee as the employee might not they are involve in illegal indrustry or job. Thanks all. Please help.
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TSkiralim5315
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Sep 5 2019, 01:58 PM
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New Member
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QUOTE(nebula87 @ Sep 5 2019, 01:49 PM) May I know do you have proof of their wrongdoings? You should have evidences before you can make complaint right? I am working inside currently and about to resign, I was same like others was being cheated inside, which I did not know they trading forex at first only after fews week then only I know. So right now I was looking for new job and will leave soon. I was try to prevent others to being cheated. Beside, what's the prove I need to provide in case I need to launch a complain. Thanks |
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TSkiralim5315
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Sep 5 2019, 02:15 PM
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New Member
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QUOTE(nebula87 @ Sep 5 2019, 02:05 PM) I'm not sure you can report this to MCMC or not as a scam. You can gather some kind of information which clearly showing that the company is scamming/cheating. Let say a person invest USD1000 per account, those money are actually putting into founders' pocket. and then you or someone put some figures on the screen to show that they are actually gaining/losing money in forex investments. Then you should have all that info gathered. But make sure that you can only do that after you resigned.  I am not sure did or did not the owner scam or cheat of their client, just the indrustry itself is not really legalise in Malaysia. As far as i know, trading forex is only legal to those licence's bank, not the normal company. So I have no idea whether the report will be useful to this kind of industry. Sumore the company do have the HQ in other country and the thing confuse me is that the company use a different name to register SSM licence in Malaysia. That why I do confuse about this company. |
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TSkiralim5315
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Sep 6 2019, 11:09 AM
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New Member
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QUOTE(johnnyzai89 @ Sep 5 2019, 03:06 PM) and how did you get the job without even knowing what the job is about? LOL They was intentionally did not tell the true when I interview, and no doubt I resposible for the mistake as I did not survey properly. |
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TSkiralim5315
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Sep 6 2019, 11:16 AM
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New Member
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QUOTE(NightHeart @ Sep 5 2019, 05:39 PM) Try reporting to Bank Negara, this should fall under their jurisdiction. Even registered financial services get penalized by them if they breach any law e.g. http://www.bnm.gov.my/index.php?ch=en_enfo...en&en_eaindex=1Can I have the website and what's the document I shall prepare ? and what should I do for reporting. Thanks |
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TSkiralim5315
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Sep 7 2019, 03:34 PM
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New Member
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QUOTE(ytan053 @ Sep 6 2019, 04:49 AM) Lodge the complaint / report to securities commission and bank negara, see what they gonna do. Regulator might start the investigation by paying surprise visit and check out on the company Might to share the link and what's the step? And any documents need to prepare? |
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