370 investment scam complaints filed with Securities Commission | The Malaysian Insight

  • 📰 msianinsight
  • ⏱ Reading Time:
  • 27 sec. here
  • 2 min. at publisher
  • 📊 Quality Score:
  • News: 14%
  • Publisher: 63%

France Nouvelles Nouvelles

France Dernières Nouvelles,France Actualités

370 investment scam complaints filed with Securities Commission

The Securities Commission says scams are commonly promoted on social media, with WhatsApp and Facebook being the most prevalent channels. – EPA pic, October 23, 2020.

THE Securities Commission Malaysia has received 370 queries and complaints on illegal investment schemes as at end-September compared with 317 in all of last year. Chairman Syed Zaid Albar said of late, there has been a rise of “clone firm scams”, in which a fraudster would impersonate a legitimate licenced entity to dupe investors into believing they are investing in a legitimate entity.

Effective July 2018, access to full reports will only be available with a subscription. Sign-up now and enjoy one week free access!

 

Merci pour votre commentaire. Votre commentaire sera publié après examen.
Nous avons résumé cette actualité afin que vous puissiez la lire rapidement. Si l'actualité vous intéresse, vous pouvez lire le texte intégral ici. Lire la suite:

 /  🏆 8. in FR

France Dernières Nouvelles, France Actualités

Similar News:Vous pouvez également lire des articles d'actualité similaires à celui-ci que nous avons collectés auprès d'autres sources d'information.

Malaysians lost RM914m to investment scams for first six months of 2020, says SC chairman | Malay MailKUALA LUMPUR, Oct 23 — The Securities Commission Malaysia (SC) has received 370 queries and complaints on illegal investment schemes as at end-September 2020 compared with 317 for the whole of last year. Chairman Datuk Syed Zaid Albar said of late, there has been a rise of “clone firm scams”...
La source: malaymail - 🏆 1. / 86 Lire la suite »