SC working overtime to combat spread of scams

SC chairman Awang Adek said the SC had received 3,262 complaints and enquiries about scams and unlicensed activities in 2023.

PETALING JAYA: The Securities Commission (SC) last year put 315 entities and individuals on its Investor Alert List and blocked 146 websites and 248 social media accounts due to the rising occurrence of scams.

The capital-market regulator also took enforcement action against several entities for carrying out unlicensed activities such as giving investment advice, managing funds and operating without authorisation or licence.