KUALA LUMPUR: The Securities Commission (SC) today cautioned the public about a new investment scam involving fake Information Memorandums (IMs) that falsely claim to be lodged with or endorsed by the regulator.
The SC stated that under the Capital Markets and Services Act 2007 (CMSA), unlisted public companies issuing IMs to raise funds are required to lodge them with the commission within seven days of issuance to potential investors.
