Bursa: Stay alert, beware of online investment scams


KUALA LUMPUR: Bursa Malaysia Bhd urged the public to remain vigilant given the growing number of online investment scams.

In a statement, Bursa Malaysia recently said that there had been social media posts that misrepresented Bursa Malaysia and its senior management.

“The exchange does not authorize or approve such unlicensed investment activities,” he said.

“We urge members of the public to be cautious and not to click on any of the links provided by any suspicious publications that invite you to ‘participate’ in such investment programs,” Bursa Malaysia said.

It is always best to follow these best practices when dealing with suspicious online investment schemes:

▪ Do not click on web addresses or emails that misrepresent an authorized institution

▪ Check if the company is licensed and authorized by regulatory bodies

▪ Never share your bank details, identity card number or passwords with anyone

▪ Report to the authorities if you have been harassed or pressured into carrying out a suspicious transaction, an investment or receiving illegal deposits of money.

Bursa Malaysia regularly updates the list of unauthorized websites, investment products, companies and individuals.

He noted that the use of logos and images of Bursa Malaysia and its management without approval is strictly prohibited and constitutes a violation of its copyrights and trademarks.

“We will not hesitate to take legal action against anyone who abuses it,” he said.

“Bursa Malaysia would like to remind members of the public to invest only with approved intermediaries. If you want to trade stocks on the stock exchange, please contact a licensed broker who will guide you on a suitable investment, ”he added.

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