SC: Be wary of bond schemes offering 40% returns

SC: Be wary of bond schemes offering 40% returns

Securities Commission warns public of get-rich-quick schemes, especially those linked to foreign bonds which look legitimate.

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PETALING JAYA:
The Securities Commission (SC) has advised the public to be wary of get-rich-quick schemes which recently have been promoted under the guise of bond investments.

According to the SC, these schemes are sometimes linked to foreign bonds to look legitimate, and entice investors with promises of profits as high as 40% a month.

“Such schemes usually guarantee high returns or profits with little or no risk to investors,” warned the SC in a statement today.

“Whenever the scheme claims to originate from overseas, investors should verify the legitimacy of the scheme.”

Bond offerings require the SC’s approval under the law and the public can check the SC’s website at www.sc.com.my whether a bond has been approved.

The public can contact the SC’s Investor Affairs and Complaints Department at 03- 62048999, [email protected], if they have any questions.

They can also contact the following address: Investor Affairs & Complaints, Securities Commission Malaysia, 3 Persiaran Bukit Kiara, Bukit Kiara, 50490 Kuala Lumpur, Fax No: 603-62048991.

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