Bursa Malaysia urges the general public to stay vigilant of on-line funding scams – Malay Mail

Friday, 07 Jan 2022 09:06 PM MYT
KUALA LUMPUR, Jan 7 — Bursa Malaysia Bhd has urged the general public to stay vigilant given the growing variety of on-line funding scams following latest social media postings that misrepresent Bursa Malaysian and its senior administration.
It mentioned the trade doesn’t authorise nor endorse such unlicensed funding actions.
“We strongly advise members of the general public to watch out and to not click on any of the hyperlinks supplied by these suspicious postings which invite you to ‘take part’ in such funding schemes,” it mentioned in a press release at this time.
It mentioned the general public is requested to not click on on internet addresses or emails that misrepresent an authorised establishment, confirm if the enterprise was licensed and authorised by regulatory our bodies and by no means share banking particulars, identification card quantity or passwords to anybody when confronted with suspicious on-line funding scheme.
“Report back to the authorities you probably have been harassed or pressured to make a suspicious transaction, funding or obtain unlawful cash deposits,” it mentioned.
The trade mentioned it recurrently updates the checklist of unauthorised web sites, funding merchandise, corporations and people.
“Utilizing logos and pictures of Bursa Malaysia and its administration with out approval is strictly prohibited and a breach of our copyright and emblems. We is not going to hesitate to take authorized motion in opposition to anybody who misuses them,” it mentioned.
Bursa Malaysia mentioned examples of those unauthorised web sites and postings could possibly be considered at https://bursaacademy.bursamarketplace.com/en/sc-investor-alert.
“Should you come throughout any suspicious postings on on-line platforms resembling internet pages, social media functions and even phrase of mouth, please report this to us by dialling 03-2732 0067 or emailing us at [email protected],” it mentioned.
It mentioned the general public can also be reminded to solely make investments with licensed intermediaries and call a licenced dealer to information on correct investing if the general public they want to commerce shares on Bursa Malaysia.
“This alert is a part of Bursa Malaysia’s ongoing public service initiative to coach members of the general public in opposition to on-line scams. Bear in mind, if it sounds too good to be true, it’s almost definitely to be a rip-off,” it added. — Bernama
© 2022, Malay Mail, All Rights Reserved.