Searching the Bank Negare site, I found this warning this morning:
Warning on Swiss Cash or Swiss Mutual Fund
http://www.bnm.gov.my/index.php?ch=8&pg=14&ac=1299Bank Negara Malaysia and Securities Commission of Malaysia would like to inform members of the public that Swiss Mutual Fund, the company that is promoting the Swiss Cash fund, is not licensed or exempted from licensing by Bank Negara Malaysia to accept deposits nor is it licensed by the Securities Commission to carry out asset management activities or services in Malaysia. Swiss Cash fund promoted by Swiss Mutual Fund has not been approved nor endorsed by the Securities Commission.
Swiss Cash fund is an internet-based investment program promoted by Swiss Mutual Fund, a fund management company claimed to be registered overseas, and the investment opportunities in the fund is offered through the Internet and local agents.
Members of the public should only invest through parties that have been licensed by the authorities. When in doubt, the public should check with Bank Negara Malaysia, the Securities Commission or other relevant authority on the licensing status of the local or foreign company before making any investment.
Members of the public may contact the Securities Commission and Bank Negara Malaysia for enquiries on the fund:
Complaints Department, Securities Commission
Tel: 03 6204 8999
Fax: 03 6204 8991
E-mail: [email protected]
Bank Negara Malaysia
Tel: 03 2691 0824 / 2692 6482 / 2698 2810 / 2694 2143
Fax: 03 2698 7467
E-mail: [email protected]
Bank Negara Malaysia
Securities Commission
5 September 2006
Bank Negara Malaysia
5 September 2006
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Thread: Warning from Bank Negara.
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07-09-2006, 10:37 AM #1
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Warning from Bank Negara.
Last edited by solhov; 07-09-2006 at 10:41 AM. Reason: Added link for BNM
Have an excellent day..
solhov
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