SC uncovers scam using fake investment documents

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Investment أخبار

Securities Commission,Investment,Scam

Swedish public health authorities recommended this week that children younger than two should not use any digital media, as parents, paediatricians and governments struggle to respond to the challenges of today’s tech-soaked world.

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The SC stated that under the Capital Markets and Services Act 2007 , unlisted public companies issuing IMs to raise funds are required to lodge them with the commission within seven days of issuance to potential investors."In this case, the SC found that the company represented to investors that it had issued an IM purportedly lodged with the SC, thus misleading investors and lending credibility to its investment scheme.

The SC reported that immediate action has been taken, including filing a police report and adding the company to its Investor Alert List at https://www.sc.com.my/investor-alert-list .

 

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