Falling for ‘high returns’ promise

PETALING JAYA: The challenging economic times brought on by the Covid-19 pandemic were among reasons why some investors fell for investment scams that promised high returns within a short time, says the Securities Commission (SC).

The industry regulator said this was coupled with the general public’s lack of understanding of the capital market, with many investors believing they could gain up to 31% returns if they joined the investment scams.