{"id":5615,"date":"2025-03-27T04:50:26","date_gmt":"2025-03-27T04:50:26","guid":{"rendered":"https:\/\/fmos.org.my\/?p=5615"},"modified":"2026-04-28T15:27:46","modified_gmt":"2026-04-28T07:27:46","slug":"unit-trust-2-misappropriation-of-funds","status":"publish","type":"post","link":"https:\/\/www.fmos.org.my\/en\/unit-trust-2-misappropriation-of-funds\/","title":{"rendered":"Unit Trust &#8211; Misappropriation of Funds"},"content":{"rendered":"\n<p class=\"wp-block-paragraph\">The investor made an investment through a Unit Trust Consultant (UTC) and later discovered that the investment was not made as instructed. The investor then claimed the full amount that had been handed over to the UTC.<\/p>\n\n\n\n<p class=\"wp-block-paragraph\"><strong>OUR FINDINGS<\/strong><\/p>\n\n\n\n<p class=\"wp-block-paragraph\">Several other issues were considered:<\/p>\n\n\n\n<ul class=\"wp-block-list\">\n<li>The investor handed over cash to the UTC because the UTC refused payment via cheque.<\/li>\n\n\n\n<li>The UTC falsely claimed to still be employed by the Member when, in fact, their service had already been terminated.<\/li>\n<\/ul>\n\n\n\n<p class=\"wp-block-paragraph\"><strong>OUTCOME<\/strong><\/p>\n\n\n\n<p class=\"wp-block-paragraph\">In this case, the adjudicator ruled entirely in favor of the investor, taking into account the investor\u2019s educational background and language barriers.<\/p>\n\n\n\n<p class=\"wp-block-paragraph\"><\/p>\n","protected":false},"excerpt":{"rendered":"<p>The investor made an investment through a Unit Trust Consultant (UTC) and later discovered that the investment was not made as instructed. The investor then claimed the full amount that had been handed over to the UTC. OUR FINDINGS Several other issues were considered: OUTCOME In this case, the adjudicator ruled entirely in favor of [&hellip;]<\/p>\n","protected":false},"author":1,"featured_media":5575,"comment_status":"closed","ping_status":"closed","sticky":false,"template":"","format":"standard","meta":{"_acf_changed":false,"footnotes":""},"categories":[28,25],"tags":[],"class_list":["post-5615","post","type-post","status-publish","format-standard","has-post-thumbnail","hentry","category-capital-market","category-case-studies"],"acf":[],"yoast_head":"<!-- This site is optimized with the Yoast SEO plugin v25.8 - https:\/\/yoast.com\/wordpress\/plugins\/seo\/ -->\n<title>Unit Trust - Misappropriation of Funds - FMOS<\/title>\n<meta name=\"robots\" content=\"index, follow, max-snippet:-1, max-image-preview:large, max-video-preview:-1\" \/>\n<link rel=\"canonical\" href=\"https:\/\/www.fmos.org.my\/en\/unit-trust-2-misappropriation-of-funds\/\" \/>\n<meta property=\"og:locale\" content=\"en_US\" \/>\n<meta property=\"og:type\" content=\"article\" \/>\n<meta property=\"og:title\" content=\"Unit Trust - Misappropriation of Funds - FMOS\" \/>\n<meta property=\"og:description\" content=\"The investor made an investment through a Unit Trust Consultant (UTC) and later discovered that the investment was not made as instructed. The investor then claimed the full amount that had been handed over to the UTC. OUR FINDINGS Several other issues were considered: OUTCOME In this case, the adjudicator ruled entirely in favor of [&hellip;]\" \/>\n<meta property=\"og:url\" content=\"https:\/\/www.fmos.org.my\/en\/unit-trust-2-misappropriation-of-funds\/\" \/>\n<meta property=\"og:site_name\" content=\"FMOS\" \/>\n<meta property=\"article:published_time\" content=\"2025-03-27T04:50:26+00:00\" \/>\n<meta property=\"article:modified_time\" content=\"2026-04-28T07:27:46+00:00\" \/>\n<meta property=\"og:image\" content=\"https:\/\/www.fmos.org.my\/wp-content\/uploads\/2025\/03\/Case-Studies-Animations-latest-21.png\" \/>\n\t<meta property=\"og:image:width\" content=\"2084\" \/>\n\t<meta property=\"og:image:height\" content=\"2084\" \/>\n\t<meta property=\"og:image:type\" content=\"image\/png\" \/>\n<meta name=\"author\" content=\"fmosadmin\" \/>\n<meta name=\"twitter:card\" content=\"summary_large_image\" \/>\n<meta name=\"twitter:label1\" content=\"Written by\" \/>\n\t<meta name=\"twitter:data1\" content=\"fmosadmin\" \/>\n\t<meta name=\"twitter:label2\" content=\"Est. reading time\" \/>\n\t<meta name=\"twitter:data2\" content=\"1 minute\" \/>\n<script type=\"application\/ld+json\" class=\"yoast-schema-graph\">{\"@context\":\"https:\/\/schema.org\",\"@graph\":[{\"@type\":\"Article\",\"@id\":\"https:\/\/www.fmos.org.my\/unit-trust-2-misappropriation-of-funds\/#article\",\"isPartOf\":{\"@id\":\"https:\/\/www.fmos.org.my\/unit-trust-2-misappropriation-of-funds\/\"},\"author\":{\"name\":\"fmosadmin\",\"@id\":\"https:\/\/www.fmos.org.my\/en\/#\/schema\/person\/db34ee3ba0b67e392501374207384866\"},\"headline\":\"Unit Trust &#8211; 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