November 17, 2021

Bursa Malaysia warns of investment scams impersonating legitimate institutions

KUALA LUMPUR: Bursa Malaysia Bhd is advising investors to be on high alert to protect themselves and others from becoming victims of investment fraud.

The exchange operator said it has recently observed an increase in the number of scams involving the misuse of the Bursa Malaysia name and corporate logo.

“In times of uncertainty, such as the current COVID-19 pandemic, scammers try to lure victims into participating in dubious investment schemes and activities.

“They often use unlicensed or unregistered companies, websites and promotional material that mimic legitimate financial institutions to deceive the investing public,” it said in a statement today.

It said investment scams typically carry the Bursa Malaysia name and logo on marketing-related materials and social media postings, offering high…

Read full article here: