PETALING JAYA - The Securities Commission Malaysia (SC) has cautioned the public about get-rich-quick schemes that are being promoted under the guise of bond investments.
“To add legitimacy to the scheme, the offerings are sometimes linked to foreign bonds. The schemes entice investors with promises of profits as high as 40% per month,” it said in a statement yesterday.
The SC said such schemes usually guarantee high returns or profits with little or no risk to investors. It also advised investors to verify the legitimacy of the schemes, including those that claim to originate from overseas.
Offerings of bonds to the Malaysian public require the SC’s approval under the law and investors are advised to check on the regulator’s website www.sc.com.my. whether a bond has been approved. - Sundaily
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