The Securities Commission Malaysia is urging investors who have invested in two illegal futures and equity trading schemes to lodge their claims for restitution by 6 February.

The first scheme is related to Kahar Mohd Tahir; the second involved Mohd Faizal Jamaludin. The commission’s investigation of Kahar and Faizal showed that the pair had solicited monies from the public illegally between February and December 2015, promisinng to invest them in a futures and equities trading scheme. Both were found to have carried out fund management activities without a licence.

The regulator started restitution proceedings in the courts in October 2016 and April 2018 against Kahar and Faizal respectively. As at September 2018, this court action has secured a total of 854,173.20 ringgit (US$208,466) from the duo for the purposes of restitution to eligible investors. The regulator has disbursed most of that figure to 25 investors.

Anyone else who has invested in these two schemes ought to submit their claims, together with necessary proof of investment, to the regulator before 5pm on 6 February 2019. It will then determine the final amount of claim, having regard to the availability of funds.