Investors Should Take Precautionary Measures To Avoid Scams -- SC

Last update: 13/10/2017

KUALA LUMPUR, Oct 13 (Bernama) -- Investors should take the necessary precautionary measures to avoid falling victim to scams, said Chairman Securities Commission Malaysia (SC) Tan Sri Ranjit Ajit Singh.

He said in the span of less than two years, it was reported that over 500,000 Malaysians had fallen victim to scams.

"Therefore, investor education plays a key role in SC's mandate to ensure adequate investor protection."

"Our financial and investment literacy programmes are designed to create awareness and empower individuals to make informed investment decisions," he said at the launch of the InvestSmart Fest 2017 (ISF 2017) here today.

He said in conjunction with the fest, SC has taken many initiatives to increase awareness on scams, including a video highlighting the common scam tactics which were screened at 135 halls in 15 cinemas nationwide.

The three-day InvestSmart 2017, starting today at the Kuala Lumpur Convention Centre, aims to promote financial and investment literacy in enhancing investor empowerment.....