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06 March 2021

What? TradingView also on SC's Investor Alert List?

Please take note, we're not promoting TradingView or whatever. This post is purely sharing the latest updates for our financial related readers here. Either side can have your own opinion and there is no right or wrong here. We strive to provide valuable info to all of you.

First, who is TradingView?

According to their website, TradingView is an innovative venture by a group of developers and traders with experience of building trading software, who share a vision that trading technology should be easy, powerful and accessible to everyone.

Taking advantage of the latest advancements in cloud computing and browser languages the idea of bringing interactive charts through any browser to people around the world was made a reality.

TradingView is also a social community for traders to interact and learn, share ideas and work together to improve their skills. Unique and simple way to share live charts instantly with technical analysis ideas brings traders together and it's a first step to having a full trading platform in a web browser.

Second, what is SC Investor Alert List?

According to Securities Commission Malaysia (SC) website, the list of unauthorised websites, investment products, companies and individuals includes:
  1. Persons carrying on or hold himself out as carrying on the following regulated activities without a licence from the SC:
    • Dealing in securities;
    • Dealing in derivatives;
    • Fund management;
    • Advising on corporate finance;
    • Investment advice;
    • Financial planning; and
    • Dealing in private retirement schemes
  2. Persons operating a recognised market without authorisation.
  3. Persons issuing or offering securities without approval, authorisation or recognition.
  4. Persons misusing SC’s logo and misrepresenting the SC. 

Why TradingView being listed on the investor alert list?

After the news broke out, some citizens are questioning the SC's move, commenting that TradingView is just a charting platform, don't have any buy/sell call.

And, some even pointed out that TradingView is one of the "Authorised Information Vendors" subscribing to Bursa Malaysia's real time market information. (Here is the link). Wow. Then, why?

According to SC, the website is promoting trading platforms which include those that are highlighted in the SC’s Alert List for unlicensed activities in Malaysia. Meaning, other unlicensed activities were being shown on TradingView website that is causing the website being listed on the alert list. Ohhhh...

So, what do you think?

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