Investor Warning on Bank Debenture Trading Programme
The Securities Commission (SC) would like to warn the public against investing in the “Bank Debenture Trading Programme”.
Investors are persuaded to join this programme via invitations from promoters and only selected persons will be invited. Investors who wish to participate in the trading programme are required to deposit US$30,000 in HSBC Hong Kong and thereafter, receive an immediate return of US$15 million. The money will then be transferred to Zurich for trading purposes.
The promoters claim that the principal investment of the programme is fully secured by a bank-endorsed guarantee, which protects investors against any losses. They also claim that it is a secured asset management programme, although all information relating to the trading programme is confidential.
Investors are advised that the Bank Debenture Trading Programme was not approved or endorsed by the SC. The US Securities and Exchange Commission and the International Chamber of Commerce posted articles relating to the trading programme on their websites to warn the public against this scam.
Additionally, investment programmes which offer secret, private investment markets, and offer above-market rates of return with below-market rates of risk, for privileged investors are usually found to be fraudulent. There are no “secret” markets in Europe where banks trade in securities.
The public should only invest through parties that have been licensed by the SC and should check the licensing status of any local or foreign company before making any investment in such companies. Members of the public who come across any suspicious investment programmes or any information relating to such programmes should alert the SC via e-mail: aduan@seccom.com.my or call us at 03–6204 8999.
For more information on the Bank Debenture Trading Programme, please log on to the following websites:
