Blacklisted Companies for Finance & Business In Malaysia

In our modern days, fraud, scam, hype are very aggressive, and people are getting smarter everyday. But still have people not very smart financially who easily conned by the bad guy even though the have phd from prestigious university. Here is a list of companies that you should avoid dealing with, or at least give them a chance to do business with you.

The Securities Commission in Malaysia has released and updated list of websites and companies who are not authorized or approved under the securities laws to deal in securities, trade in future contracts, advise on corporate finance, provide investment advice, financial planning or fund management services related to securities or futures.

The public is advised not to make any investment with companies that are not licensed or approved by the SC. Offers often come in the guise of seemingly attractive investment opportunities or schemes and may also be camouflaged as direct selling or business opportunities.
Please take note that this list is not exhaustive and only serves as a guide to investors. The list will be updated periodically with names removed or added on. The public is advised to also check with other relevant agencies (e.g. Central Bank of Malaysia, Ministry of Domestic Trade and Consumer Affairs, Companies Commission of Malaysia) as to the legitimacy of companies or websites which may not appear or have been removed from this list. - SC.com.my

This list is updated as of 9th May 2008

1. Asset Brokerage Network (www.abn-group.com)
2. ABFund (www.abfund.us)
3. Al-Arabic Fund (www.al-arabic.com)
4. ABB Fund (www.abbfund.com)
5. Artemis Wealth Management
6. Asia Wallet/ASWtrader/Splitindex Inc (www.splitindex.com)
7. AM Global Management (www.nypoe.com)
8. API Mutual LLC (www.apimutual.com)
9. Beneficence International (Group) Company Ltd
10. CSI Garant Funds
11. CSI
12. Credit Suisse Investment
13. BHG e-investment (www.bhg-corp.com)
14. Bidvask Investment Ltd (www.bidvask.com)
15. Buy-e-barrel (www.buyebarrel.com)
16. Brentwood Trust Company (www.brentwoodtrust.com)
17. Boston Asset Management Pte. Ltd.
18. Cambridge Capital Trading
19. Capital Glory Holdings Ltd
20. Cfdventures
21. Colonyinvest
22. Dongyin Futures Brokerage Company Limited
23. Data Saham (www.datasaham.com)
24. Dragon Gold Sdn Bhd / Dr Iain Gray
25. Duit Wayang
26. Dana Futures (www.danafutures.com)
27. Dana Modal (www.angelfire.com/journal2/danamodal)
28. Debenture Petal Trust
29. Eaindex
30. Empay
31. eUK Gold (www.eukgold.com)
32. Eubond.com (www.eubond.com)
33. Eduit2u.com (www.eduit2u.com)
34. E-suisse Fund (www.esuissefund.com)
35. Euro America Index (www.eaindex.com)
36. E-Barrel (www.ebarrel.com)
37. Evergreen Investment Trust (http://www.changrongkonggu.com)
38. Fical (www.fical.net / www.fical.us)
39. FX Capital Consultant (M) Sdn Bhd
39. FX Capital
40. FX Consultant
41. GC Group Asset Management
42. Good Credit Asset Management
43. Goldmill Wagner Ltd / GWA Worldwide (www.goldmillwagner.com)
44. Global Assets (www.globalassets.info)
45. Global Investment Network System (http://ginsystem.com)
46. Hibah Funds
47. Hillinger Newcastle Limited
48. IDFK International Management Inc
49. IDFK Commercial Management
50. IPC Shopping Services Sdn Bhd/Empay (www.ipcshopping.com)
51. Jai Network System Sdn Bhd
52. Lexworth Prestige
53. Maxficient Consultancy Sdn Bhd
54. Mercury Acquisition Associates (www.mercuryacquisitionassociates.com)
55. Montego Finance & Securities Berhad (www.montegofs.official.ws)
56. My Dinar (www.mydinar.net)
57. My Share (www.myshare2u.com)
58. Oregon Invest (www.oregoninvest.com)
59. Ocean Balance Ltd
60. Pure Investor / PIPS (www.pureinvestor.com, www.gopips.com)
61. Prowealth Solutions (www.prowealthsolutions.com)
62. Reges Enterprise Sdn Bhd (www.regesenterprises.com)
63. Remno Club (www.remnoclub.com)
64. Remisier (www.remisier.com)
65. Sunshine Empire (www.sunshine-empire.com)
66. Swiss Mutual Fund (www.swisscash.com, www.swisscash.biz) *(Press Release)
67. Sweden Fund (www.swedenfund.com)
68. Solid Investment (www.solidinvestment.com)
69. Smartcash (www.smartcash.com)
70. Sime Securities (www.simesecurities.net)
71. Starr-Bradley Associates Inc (www.starrbradleyinc.com)
72. Splitindex
73. Tian Ping (www.tianping2u.com)
74. UeBond (www.uebond.com)
75. United Capital Management Inc (www.brentwoodtrust.com)
76. Universe Asset Management Inc / Tony So
77. Ugifund
78. Venturemax International (www.venturemax.com)
79. Win Li Fund (www.winlifund.com)
80. Whitman Pearce & Partners (www.whitmanpearce.com)
81. Ziyaaudhin NYC Agency Sdn Bhd
82. A3 Union (www.a3union.com)
83. 3A Consulting Group Sdn Bhd
84. Monsunbiz / bossmailer
85. 4D - Duduk Diam Dapat Duit
86. Ini bukan skim cepat kaya
87. Mentor Jutawan
88. Forex Autopilot