News & Reviews:   Securities Commission

Malaysia is tightening the reins on financial influencers — or “finfluencers” — who dispense investment advice on social media without proper licensing. A newly revised guideline from the Securities Commission (SC) now treats them as voluntary advertisers under the law.

If you regularly watch YouTube and don’t have an ad-blocker turned on, then it’s very likely that you’ve been bombarded with annoying ads by a company called OctaFX offering investment and financial services. Well, as it turns out, OctaFX's aforementioned services and operation were never authorised or approved by Bank Negara Malaysia (BNM).