Bursa Malaysia warns of investment scams impersonating legitimate institutions β€” Scam Guards

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KUALA LUMPUR: Bursa Malaysia Bhd is advising investors to be on high alert to protect themselves and others from becoming victims of investment fraud.

The exchange operator said it has recently observed an increase in the number of scams involving the misuse of the Bursa Malaysia name and corporate logo.

β€œIn times of uncertainty, such as the current COVID-19 pandemic, scammers try to lure victims into participating in dubious investment schemes and activities.

β€œThey often use unlicensed or unregistered companies, websites and promotional material that mimic legitimate financial institutions to deceive the investing public,” it said in a statement today.

It said investment scams typically carry the Bursa Malaysia name and logo on marketing-related materials and social media postings, offering high investment returns with a guarantee of little or no risk.

β€œInvestors…

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