Nex Systems
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Dagang Algomecs Sdn Bhd (“Algomecs”)

Financial crime
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Summary

Dagang Algomecs Sdn Bhd (“Algomecs”) was found to have provided automated trading and investment strategy to investors. This is a regulated activity of providing investment advice and/or dealing in derivatives which requires a licence from the SC under the Capital Markets and Services Act 2007. As Algomecs did not hold a Capital Markets Services Licence, a directive was issued on 18 May 2018, directing Algomecs to cease carrying on such activities.

Addresses1

  • B1-20-6, Soho Suites @ KLCC, Jalan Perak, 50450 Kuala Lumpur, Malaysia

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