Securities Commission intensifies crackdown on scams, adds 59 to investor alert list in just the first quarter of 2025
KUANTAN, June 20 — The Securities Commission Malaysia (SC) added 59 names to its Investor Alert List in the first quarter (1Q) of this year, said chairman Datuk Mohammad Faiz Azmi.
He said this move is part of ongoing efforts to combat the increasingly rampant scams, alongside blocking fraudulent websites and social media pages.
'In 2024, we added 273 names to the Alert List, and in the 1Q this year, we added another 59,' he said during his opening remarks at the launch of the Bersama InvestSmart@Pahang 2025 programme.
The event was officiated by Pahang Investment, Industrial Development, Science, Technology and Innovation Committee chairman Datuk Mohamad Nizar Mohamad Najib.
Mohammad Faiz added that the SC also collaborates closely with the Malaysian Communications and Multimedia Commission (MCMC) to block these deceptive sites.
'Last year, we blocked 153 websites and 261 social media pages. In the 1Q, we blocked 29 websites and 91 social media pages. These numbers show how much illicit activity we are fighting daily,' he said.
As of May 2025, he said, the SC had received 1,218 complaints and enquiries about scams.
Mohammad Faiz also reminded the public to be cautious of scams that claim to be Shariah compliant, using religious sentiment to gain trust.
Bersama InvestSmart@Pahang 2025 is a three day programme starting today, bringing together government officials, capital market industry players, and regulators under one roof as part of the SC's investor outreach initiative.
More than 40 exhibitors are participating in the event, themed 'Bijak Labur, Hidup Makmur'. — Bernama
Hashtags
Try Our AI Features
Explore what Daily8 AI can do for you:
Comments
No comments yet...
Related Articles
The Star
2 hours ago
- The Star
SC adds 59 entities to investor alert list in 1Q
KUANTAN: The Securities Commission Malaysia (SC) added 59 names to its Investor Alert List in the first quarter (1Q) of this year, said chairman Datuk Mohammad Faiz Azmi. He said this move is part of ongoing efforts to combat the increasingly rampant scams, alongside blocking fraudulent websites and social media pages. "In 2024, we added 273 names to the Alert List, and in the 1Q this year, we added another 59,' he said during his opening remarks at the launch of the Bersama InvestSmart@Pahang 2025 programme. The event was officiated by Pahang Investment, Industrial Development, Science, Technology and Innovation Committee chairman Datuk Mohamad Nizar Mohamad Najib. Mohammad Faiz added that the SC also collaborates closely with the Malaysian Communications and Multimedia Commission (MCMC) to block these deceptive sites. "Last year, we blocked 153 websites and 261 social media pages. In the 1Q, we blocked 29 websites and 91 social media pages. These numbers show how much illicit activity we are fighting daily,' he said. As of May 2025, he said, the SC had received 1,218 complaints and enquiries about scams. Mohammad Faiz also reminded the public to be cautious of scams that claim to be Shariah‑compliant, using religious sentiment to gain trust. Bersama InvestSmart@Pahang 2025 is a three‑day programme starting today, bringing together government officials, capital market industry players, and regulators under one roof as part of the SC's investor outreach initiative. More than 40 exhibitors are participating in the event, themed "Bijak Labur, Hidup Makmur'. - Bernama
Malay Mail
2 hours ago
- Malay Mail
JPJ finalising investigation papers for bus operator responsible for deadly UPSI accident
BUTTERWORTH, June 20 — The Road Transport Department (JPJ) is finalising the investigation papers for action to be taken in court against the bus company operator involved in the accident that claimed the lives of 15 Universiti Pendidikan Sultan Idris (UPSI) students Its director-general, Datuk Aedy Fadly Ramli said the investigation is now in the final stages before being handed over to the Deputy Public Prosecutor to decide on the charge recommendation. 'There are two investigation papers that we are preparing (to take action) against the company operator and also the company that leased the bus. 'The investigation papers are still at the JPJ level and we expect to hand them over to the prosecution soon,' he said at a press conference after officiating the Penang-level MyLesen B2 Driving Licence Handover Ceremony here today. Previously, Transport Minister Anthony Loke Siew Fook had said that the JPJ would open an investigation paper against the bus company involved in the accident that claimed the lives of 15 UPSI students due to the company's failure to operate according to the stipulated rules and regulations. Regarding the allegation that the JPJ could not record the bus company's operator's statement because he suffered a heart attack, Aedy Fadly said his side was not informed about the matter. 'He (the bus operator) had a heart attack, it has nothing to do with the JPJ and I have not received any reports saying otherwise. We will still take action; if he goes to the hospital we will wait,' he added. In the incident on June 9, 15 UPSI students died when the bus they were in overturned in an accident at KM53 of the East-West Highway (JRTB), near Tasik Banding, Gerik. The bus carrying 42 university students was travelling from Jertih, Terengganu to the university's main campus in Tanjung Malim, Perak when it collided with a Perodua Alza before overturning. — Bernama
Malay Mail
3 hours ago
- Malay Mail
Man found dead in vehicle outside Klang motorcycle shop, believed to be shot
SHAH ALAM, June 20 — A man was found dead inside a vehicle, believed to have been shot, in an incident outside a motorcycle shop in Meru, Klang, this afternoon. According to Bernama, Klang North district police chief ACP S Vijaya Rao said the authorities were alerted to the incident at 3.37pm, and when they arrived at the scene, they found the body of a 46-year-old local man in the driver's seat. 'The body was found lying on its side inside a four-wheel-drive vehicle, with bloodstains on the driver's seat,' he said in a statement added that the victim was confirmed dead by medical personnel and was subsequently taken to Tengku Ampuan Rahimah Hospital (HTAR), Klang, for an stated that the case is being investigated under Section 302 of the Penal Code for of the public with any information regarding the incident are urged to come forward to the nearest police station or contact Investigating Officer ASP M Sathiyaseelan at 012-5197913 to assist with the reported that images of the incident were circulating on social media earlier, showing the four-wheel-drive vehicle involved, with a hole in the driver's side window, which is believed to have been caused by a gunshot.
