PETALING JAYA: Bursa Malaysia, which identified various Facebook pages misrepresenting their CEO Umar Swift, has warned the public to be wary of online scams.
The exchange said the Facebook pages have “no relation” to Umar and that measures were being taken to remove them from the platform.
Yesterday, several Facebook pages falsely representing Umar had made unusual posts on the social media platform.
One called “Datuk Muhamad Umar Swift” sought to recommend a reading list to viewers, educating them about the stock market, whilst another “Trader Datuk Umar” offered dubious investment schemes.
Bursa urged the public to be wary and alert of investment and phishing scams, saying that social media platforms like Facebook and Instagram were being used to lure unsuspecting members of the public into investment schemes and giveaways.
The misrepresentation of Umar comes a mere four days after Bursa had cautioned the public about a circulating WhatsApp scam.
Describing the scam, Bursa said: “Recipients are prompted to follow up on their trading accounts, or join a WhatsApp group, by calling a name and mobile number provided in the WhatsApp message. Bursa Malaysia categorically denies issuing this communication.”
The exchange also said that scammers continue to misuse Bursa’s name and logo, and misrepresent themselves as employees of the exchange.
Other recent scams, have sought to use names and photographs of Bursa senior management to entice the public into unauthorised and often dubious investment schemes.
Last Friday, deputy communications and digital minister Teo Nie Ching said the National Scam Response Centre (NSRC) had received 3,482 calls reporting RM27 million in losses from online scams between January and February this year.
Bursa continued to remind the public only to invest with licensed professionals and to visit Bursa Academy for a list of licensed intermediaries and representatives.