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.

Get 30% off with our ads free Premium Plan

Monthly Plan

RM9.73/month

Annual Plan

RM8.63/month

Billed as RM103.60/year

1 month

Free Trial

For new subscribers only


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!

Scams , Securities Commission , SC

   

Next In Nation

25 escooters seized during raid on unlicensed premises in Penang
Yusuf Islam to establish charity organisation in Malaysia
Melaka Civil Defence Force to recruit more professionals to become associate officers
Zambry: Saudi minister committed to increasing scholarships for M'sian students
Agriculture Ministry holds engagement session with padi, rice stakeholders
Missing girl in Inanam found safe
SST increase will affect B40,M40 despite exemption, says Dr Wee
Man held over fatal shooting of police officer
Muda to hold first party polls ahead of schedule
Malaysian charged in Dublin over RM3mil cannabis seizure

Others Also Read