Author: Tan KW | Publish date: Wed, 8 Jun 2016, 11:09 AM
This article first appeared in The Edge Financial Daily, on June 8, 2016.
KUALA LUMPUR: The Securities Commission Malaysia (SC) has issued an alert to the public about get-rich-quick schemes promoted under the guise of bonds investments.
The regulator said the investment offerings are sometimes linked to foreign bonds in order to add legitimacy to the scheme.
“The schemes entice investors with promises of profits as high as 40% per month,” the SC said in a statement yesterday.
“Such schemes usually guarantee high returns or profits with little or no risk to investors. Where the scheme claims to originate from overseas, investors should verify the legitimacy of the scheme,” it added.
The SC pointed out that offerings of bonds to the Malaysian public require its approval under the law.
It therefore urges investors to check its website www.sc.com.my to find out if a bond has been approved.
http://www2.theedgemarkets.com/my/article/sc-issues-warning-about-get-rich-quick-schemes-involving-bonds
KUALA LUMPUR: The Securities Commission Malaysia (SC) has issued an alert to the public about get-rich-quick schemes promoted under the guise of bonds investments.
The regulator said the investment offerings are sometimes linked to foreign bonds in order to add legitimacy to the scheme.
“The schemes entice investors with promises of profits as high as 40% per month,” the SC said in a statement yesterday.
“Such schemes usually guarantee high returns or profits with little or no risk to investors. Where the scheme claims to originate from overseas, investors should verify the legitimacy of the scheme,” it added.
The SC pointed out that offerings of bonds to the Malaysian public require its approval under the law.
It therefore urges investors to check its website www.sc.com.my to find out if a bond has been approved.
http://www2.theedgemarkets.com/my/article/sc-issues-warning-about-get-rich-quick-schemes-involving-bonds
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