Pheim Asset Management (Asia) Pte Ltd (“Pheim Singapore” or the “Company”) has been made aware on 12 October 2026 of a fraudulent advertisement on Instagram involving the impersonation of Dr Tan Chong Koay (“Dr Tan”), the Founder, CEO, and Chief Strategist of the Company.

The scammer post an advertisement on Instagram that led to a WhatsApp contact , which appears to be promoting stock ideas and investment advice under the name of “Tan Chong Koay” with an unknown phone number of “+6011-2122 6985”. This WhatsApp contact was created without our knowledge or consent. It does not originate from, is not affiliated with, and is not endorsed by Pheim Singapore or any of its representatives. Please refer to the attached screenshot of the WhatsApp contact for your reference.

PHEIM’S OFFICIAL STAND:

• Pheim does not produce or distribute investment advice via unofficial social media accounts or manipulated video content.
• Dr Tan does not endorse or participate in advertising any such content outside of Pheim’s official communication channels.
• No investment products or services are promoted by Dr Tan on social media.

WARNING TO THE PUBLIC:  

Pheim strongly advise members of the public to remain vigilant and:

• Be cautious of unsolicited investment advice online or through social media platforms.
• Verify the identity of individuals or organizations before engaging with them or disclosing personal information.
• Avoid schemes promising high returns or urgent limited-time investment opportunities.
• Do not transfer any funds or share personal details with suspicious parties.

If you encounter any suspicious accounts or fraudulent investment offers made in the name of Pheim or Dr Tan’s name, please report them immediately to us and to the appropriate regulatory authorities.