KUALA LUMPUR – Bursa Malaysia Berhad urges the public to remain vigilant given the increasing number of online investment scams. Recently there have been social media postings that misrepresent Bursa Malaysia and its senior management. The Exchange does not authorise nor endorse such unlicensed investment activities.
“We strongly advise members of the public to be careful and not click any of the links provided by these suspicious postings which invites you to “participate” in such investment schemes,” said Bursa Malaysia in a statement on January 7.
It is always best to follow these best practices when faced with suspicious online investment schemes:
- Do not click on web addresses or emails that misrepresent an authorised institution
- Verify whether the business is licensed and authorised by regulatory bodies
- Never share your banking details, identity card number or passwords to anyone
- Report to the authorities if you have been harassed or pressured to make a suspicious transaction, investment or receive illegal money deposits.
“Bursa Malaysia regularly updates the list of unauthorised websites, investment products, companies and individuals. Using logos and images of Bursa Malaysia and its management without approval is strictly prohibited and a breach of our copyright and trademarks. We will not hesitate to take legal action against anyone who misuses them,” the Exchange added.
Examples of these unauthorised websites and postings may be viewed here.
If the public comes across any suspicious postings on online platforms such as web pages, social media applications, and even word of mouth, please report this to Bursa Malaysia by dialling 03 – 2732 0067 or emailing them at [email protected]
“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,” said Bursa Malaysia.
This alert is part of Bursa Malaysia’s on-going public service initiative to educate members of the public against online scams. Remember: if it sounds too good to be true, it is most likely to be a scam.