The function of the Association of Stockbroking Companies Malaysia has always and will always be to promote the interest of the stockbroking companies by providing a unanimous “brokers” voice to relevant authorities and the public.
It also actively participates in all issues directly relating to the development and progress of the stockbroking industry and to help realise the Government’s vision of transforming Malaysia into a regional financial centre.
Towards this the ASCM and its Management Committee work very closely with the Ministry of Finance, the Securities Commission and the Bursa Malaysia Securities Bhd. on a diverse range of operational and policy issues.
Know Your Broker
Choosing a broker can be a very confusing and sometimes tricky decision to make especially for a first time investor or trader. There
are numerous factors to consider when choosing a broker, as they form an essential link between the capital market and you.
One of the most important factors when considering a broker is the company’s financial health, as its financial situation is fundamental to your trading capacity.
Among some of the key points to look out for are:-
- It’s paid up capital and shareholders funds.
- It’s capital adequacy and net tangible assets.
- Last but not least, the company’s track record of profitability.