The Securities Commission Malaysia has issued an alert cautioning the public about an impersonation scam that misuses the SC’s name to demand payments, including purported “guarantee deposits” of up to MYR 500,000. Scammers allegedly claim targeted individuals are “under investigation” by the SC for market offences such as insider trading and market manipulation, and then pressure them to pay to avoid supposed legal action including arrest or prosecution. The SC noted the modus operandi resembles a Macau Scam and reiterated that it does not endorse investment schemes or solicit money or deposits for regulatory investigations, urging the public to verify investment offers via its Investment Checker and to report or confirm any payment requests through its Consumer and Investor Office.
Malaysia Securities Commission 2025-05-08
Securities Commission Malaysia warns of impersonation scam demanding guarantee deposits of up to MYR 500,000
The Securities Commission Malaysia has issued an alert about a scam impersonating the SC to demand payments, including "guarantee deposits" up to MYR 500,000. Scammers falsely claim individuals are under investigation for market offences and pressure them to pay to avoid legal action. The SC emphasized it does not solicit money for investigations and urged the public to verify offers through its Investment Checker and report suspicious requests.