: The Securities Commission Malaysia has received 370 queries and complaints on illegal investment schemes as at end-September 2020 compared with 317 for the whole of last year.
“Investors who received offers of investment opportunities through WhatsApp messaging or Facebook channels should exercise caution. He said investors’ vulnerability to scams might be caused in part by their unrealistic expectation of returns from investments. “Given the rapid increase of illegal investment scams, the SC has recently established an internal Task Force to focus on investigating and taking enforcement action against the perpetrators.
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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”...
Source: malaymail - 🏆 1. / 86 Read more »
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”...
Source: malaymail - 🏆 1. / 86 Read more »
370 investment scam complaints filed with Securities Commission | The Malaysian InsightMalaysians lost RM914 million to scams in first 6 months of this year.
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