ONE of the biggest challenges facing regulators here and elsewhere is the rise of unlicensed investment advisers using social media to reach unsuspecting investors.
The situation in Malaysia is no different, with hundreds of groups on the telegram messaging service alone, promoting stocks and sometimes even seeking membership fees for those who wish to view their so called investment “tips”. The problem is most of the individuals on these platforms are unlicensed to give such advice.
Already a subscriber? Log in.
Win a prize this Mother's Day by subscribing to our annual plan now! T&C applies.
Cancel anytime. No ads. Auto-renewal. Unlimited access to the web and app. Personalised features. Members rewards.
Follow us on our official WhatsApp channel for breaking news alerts and key updates!