Regulator joins social media to warn of scams

Thursday, September 24, 2020

The Securities and Futures Commission today introduced an official Facebook page with a campaign to warn the public about the increasing use of social media platforms to defraud investors.

The SFC explains how online investment scams operate and provides tips for avoiding them in the latest edition of its Enforcement Reporter, published today.

Investors are urged to be wary when offered "inside information" or investment tips online, particularly when strangers on social media promote small caps, or less liquid stocks.