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Securities Commision sends alert on fake investment letters using its name

KUALA LUMPUR: The Securities Commission Malaysia (SC) has cautioned the public on fake letters and emails purportedly from the commission.

The SC said these fraudulent letters and emails were supposedly sent on its behalf and allegedly linked to illegal investment schemes seeking payments from investors.

There are also claims by the fraudsters impersonating SC (staff) to scam victims that they would be able to recover their losses for a fee.

The SC would like to state that these are false representations, it said in a statement today.

As a regulatory body, the SC said it does not endorse any investment schemes or solicit monies from the public in such a capacity and views this matter seriously.

The regulator has taken immediate steps, including lodging a police report over the matter. Where applicable, it has added the involved entities to its Investor Alert List at www.sc.com.my/investor-alert-list.

The SC would like to urge the public to be cautious and to verify any investment offers through the SC Investment Checker at www.sc.com.my/investment-checker.

If you receive any requests for payment claiming to be from the SC or its staff, contact the SC Consumer and Investor Office at aduan@seccom.com.my or call 03-6204 8999 to verify or to report it, it added.

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