Securities Commission blocks 300 sites pushing illegal investment schemes

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Securities Commission blocks 300 sites pushing illegal investment schemes
Deputy Finance Minister,Lim Hui Ying,Securities Commission

Lim and Teo, who tied the knot in March 2020, announced on Jan 9 that they had gone their separate ways.

KUALA LUMPUR: Almost 200 social media sites and over 100 websites have been blocked by the Securities Commission for promoting or selling illegal investment schemes, says Lim Hui Ying.

Enforcement has also been taken against several entities with eight charges having been filed in court by SC against them. “Actions were taken accordingly once their violations were proven after investigations were concluded with the cooperation of other relevant authorities. “The SC has also issued several press releases on the modus operandi of the latest widespread fraud investment schemes which we advise the public to educate themselves with,” she said during a special Parliament session on Monday .

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