For much of last year, the United States witnessed a decoupling
of Wall Street from Main Street. Defying the sluggish activity in
the real sector, the stock market indices hit one record high after
another in the second half of 2020 as investors and speculators
poured their money into the stock market, in the hope of making
easy money.
Spurred on by Wall Street, bourses in many parts of the world
witnessed unprecedented bull runs, and in other cases, such as on
Bursa Malaysia, extreme volatility which offered opportunities for
quick profits . provided one picks the right
stocks . at the right time.
Concerned by the proliferation of self-proclaimed stock picking
gurus who ply their expertise, or purported expertise, through
various media, the Securities Commission Malaysia
('SC') issued the Guidance Note on Provision of Investment
Advice ('Guidance Note') on
30 December 2020.
