KUALA LUMPUR (Feb 18): The Securities Commission Malaysia (SC) is seeking the public’s assistance in locating Uzir Abdul Samad, also known as Haji Uzir, who is a suspect in the regulator’s investigation into activities of an unlicensed investment adviser.
In a statement, the SC said Uzir, 49, is currently at large and has been listed as a wanted person by the regulator in connection with offences under the Capital Markets and Services Act (CMSA).
It said Uzir was last known to be working as a Richlist Club Boutique Advisor for Richlist Club Malaysia (PPM-019-14-14042017).
“The SC has taken several measures, including placing advertisements and working with relevant authorities to track Uzir,” said the SC.
“In 2016, the SC obtained a warrant of arrest against Uzir for offences under Sections 58 and 362(3) of the CMSA, for carrying out regulated activities without a licence, and for defrauding investors by representing himself as a member of the Financial Planning Association of Malaysia (FPAM) and a Capital Markets Services Representative’s Licence (CMSRL) holder.
“If convicted, Uzir is liable to a fine not exceeding RM10 million or imprisonment not exceeding 10 years, or both,” it added.
The SC urged members of the public with information on Uzir’s whereabouts or activities to notify the commission by calling 012-3812497 or email to [email protected].
The SC also provided Uzir’s details:
Name: Uzir bin Abdul Samad
IC: 720824-01-5543
Previous known employment address:
UAS Bistari Management Sdn Bhd, No 11A, Jalan Kebudayaan 1A, Taman Universiti, 81300 Skudai, Johor.
Last known residential addresses:
No 14, Jalan SS17/2A, 47500 Subang Jaya Selangor
No 62, Jalan SS17/2G, 47500 Subang Jaya, Selangor
“Providing investment advice is a regulated activity under the CMSA,” said the SC.
“Members of the public are reminded to be vigilant and to verify the licence or registration of individuals, companies and platforms offering capital market services or products, before making any investment decisions.
“This includes the provision of investment advice. Checks can be done through the SC website via the Public Register of Licence Holders www.sc.com.my/licensed-registered-persons and List of Registered Recognised Market Operators www.sc.com.my/rmo ,” it added.