Bursa: Remain vigilant, beware of online investment scams

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KUALA LUMPUR: Bursa Malaysia Bhd has urged the general public to stay vigilant given the rising quantity of online investment scams.

In an announcement, Bursa Malaysia mentioned just lately there have been social media postings that misrepresented Bursa Malaysia and its senior administration.

“The exchange does not authorise nor endorse such unlicensed investment activities,” it mentioned.

“We strongly advise members of the public to be careful and not click any of the links provided by these suspicious postings which invite you to ‘participate’ in such investment schemes,” Bursa Malaysia mentioned.

It is all the time greatest to observe these greatest practices when confronted with suspicious online investment schemes:

▪ Do not click on on net addresses or emails that misrepresent an authorised establishment

▪ Verify whether or not the enterprise is licensed and authorised by regulatory our bodies

▪ Never share your banking particulars, id card quantity or passwords to anybody

▪ Report to the authorities if in case you have been harassed or pressured to make a suspicious transaction, investment or obtain unlawful cash deposits

Bursa Malaysia usually updates the record of unauthorised web sites, investment merchandise, firms and people.

It famous that utilizing logos and pictures of Bursa Malaysia and its administration with out approval is strictly prohibited and a breach of its copyright and logos.

“We will not hesitate to take legal action against anyone who misuses them,” it mentioned.

“Bursa Malaysia would like to remind members of the public to only invest with licensed intermediaries. If you would like to trade shares on the exchange, please contact a licenced broker who will guide you on proper investing,” it added.



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