SC sees rapid increase in scam complaints since pandemic

The Securities Commission Malaysia (SC) has seen a rapid increase in complaints and enquiries on unlicensed activities and scams since the Covid-19 pandemic in 2020.

Its consumer and investor general manager, Jawahar Ali Ameer Ali, said that the SC had received 1,799 complaints in 2020; 3,475 complaints in 2021; 2,461 complaints in 2022, and up to the first half of this year (1H2023), it had already received about 1,670 complaints which are...