QuickCheck: Is the Malaysian stock exchange promoting investment schemes on Telegram?


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RECENTLY, channels have been created on the messenger app Telegram to promote schemes using the Bursa Malaysia name and logo. Are these schemes legitimately from Bursa Malaysia?

VERDICT:

FALSE

In a statement issued on its official Facebook page on Tuesday (Oct 4), Bursa Malaysia said that these channels were in fact created by scammers misusing its name and logo.

It said that these scammers then promote get-rich-quick schemes in the form of investments, and lure participants to deposit funds.

“Bursa Malaysia does not authorise or endorse this unlicensed activity. If you come across other Telegram channels that use the Bursa Malaysia name, verify and check with Bursa Malaysia’s Help Centre at (+603-2732 0067), or email (bursa2u@bursamalaysia.com),” it said.

Bursa Malaysia then added that any potential investors should check a scheme with the Securities Commission Malaysia Investor Alert List (http://sc.com.my/investor-alert) before investing.

SOURCE: https://www.facebook.com/BursaMalaysia/posts/pfbid03rhUoyxzZJUYD6EG5cWGLtq3y29vkWisuWCQkLRQWuPvS7d7TDd5V6Az4Xp5Pryzl

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