Bursa Malaysia Bhd advises the public to be more vigilant when approached by parties misrepresenting themselves as having the exchange’s endorsement or as its employees, and to only follow the stock exchange regulator’s official social media channels. ― Bernama pic
Tuesday, 04 Oct 2022 1:47 PM MYT
KUALA LUMPUR, Oct 4 ― Bursa Malaysia Bhd said it has recently seen an increase in reports of investment scams, with scammers now found to have misused the Bursa Malaysia name and logo, as well as misrepresenting themselves as employees of the exchange.
Hence, the stock exchange regulator is advising the public to be more vigilant when approached by parties misrepresenting themselves as having the exchange’s endorsement or as its employees, and to only follow Bursa Malaysia’s official social media channels.
“Bursa Malaysia urges the public to be wary and alert of online investment scams.
“Given the increasing number of scam cases, it is important for investors to have the right investment knowledge and tools in order to make informed decisions and easily identify fraudulent activities,” it said in a statement today.
In an effort to ensure the public is continuously alerted to scams, the exchange will commence a series of online posts at #stayalert on a weekly basis about different types of investment scams misrepresenting Bursa Malaysia.
The #stayalert initiative is part of Bursa Malaysia’s public service initiatives to educate members of the public…
