Is Genneva a SCAM ? Read statement from SC..

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Latest Update: 10 September 2011

Dear Sir,

We refer to your enquiry below.

Please be informed that the company has not been licensed by the Securities Commission Malaysia (“SC”) thus, is not authorized nor approved under the securities laws to deal in securities, trade in futures contracts, advise on corporate finance, provide investment advice, financial planning and/or fund management services related to capital market products.

Our review of the company’s activities revealed no element of dealing insecurities, investment advice or fund management related to securities as defined under the Capital Market and Services Act 2007. As such, the company and its activities do not fall under the purview of the SC.Should you feel that the company is offering investment in securities of any kind, you are encourage to submit the relevant information to us.

As the company is offering investment in gold and there is also anelement of illegal deposit taking, you may want to refer this to Bank Negara Malaysia (“BNM”).You are advise to contact En. Abdul Aziz of Special Investigation Unit, BNM at 03-2698 8044 for further clarification on this matter and should you have any information on the company’s activity, you are encourage to submit the same to BNM.

A list of status of cases investigated by BNM (including Genneva Sdn Bhd) can be accessed on the following link:

Please be advised to remain vigilant and responsible at all times and take the necessary steps (including seeking the advice of the relevant professional adviser) to verify whether the company or any individual involved is licensed by the appropriate regulator for the activities being carried out or services offered.

Should you require further clarification from the SC, you may contact any of our officers at 03-6204 8999.

Thank you.

Yours faithfully,

Mohd Sahrilnizam Mohd Amin
Investor Affairs & Complaints
Securities Commission Malaysia

Artikel: Pengarah Skim Emas Genneva Dihadapkan ke Mahkamah

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Hafizul hakim

In the absence of the gold standard, there is no way to protect savings from confiscation through inflation. There is no safe store of value!

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