Dear Malaysian readers,
Did you read the morning news. Our Securities Commission had take action at last for the HYIP investment. Very bad news for investor and scammer as well. I am not agree with that. There is risk in investment definitely, no 100% gain. The victim who complain don't understand investment mean. There are some good investment site out there too. Not all are bad apple.
No matter what, we can't change the fact. Be ready to withdraw your fund before June 11. Try to withdraw any cents possible to cut your losses or you may divert your fund to FOREX which accept egold and Paypal. For those who invested very long term investment, good luck to you all. However, we still can visit our neighbour country to access the website though. Lot of online restriction coming up.
Securities Commission to filter out scams on Net
PETALING JAYA: The Securities Commission will block access to websites offering illegal investment schemes beginning June 11.
Investors, the commission said, would not be able to enter their accounts once access to the websites was blocked.
“All existing investors to such schemes via the Internet are urged to withdraw their investments and terminate their accounts immediately,” the SC said in a statement on its website yesterday
Despite repeated warnings and investor alerts, people still continued to invest in illegal investment schemes, it said.
“Between April and this month, the SC has received about 720 enquiries and complaints on illegal internet investment schemes with some indicating that had they lost huge sums of money.”
The SC said it was working with the Malaysian Communications and Multimedia Commission (MCMC) and CyberSecurity Malaysia to track, identify and block access to local and foreign websites promoting such investment scams.
Log on to www.sc.com.my for the list of companies and individuals licensed by SC and for the list of those not authorised to deal in securities, providing investment advice and related fund management services, among others.