Hap2py: SC Issues Warning Against Unauthorized P2P Platform

The Securities Commission Malaysia (SC) has issued a warning against investing in or dealing with Hap2py, an unauthorized peer-to-peer financing platform in Malaysia.

Despite SC’s actions, the platform continues to solicit Malaysian investors through various means. The platform is operating as a P2P platform without SC’s authorization as a Recognised Market Operator (RMO), constituting an offense under the Capital Market Services Act 2007.

Read More News

No deal Hap2py

Investors are urged to only deal with registered and authorized RMOs to ensure protection under Malaysia’s securities laws.

“The SC will not hesitate to take further and/or any other appropriate actions, including enforcement actions, as it views this non-compliance seriously.”

Table of Contents

job market, tech, Hap2py

Leave a Reply

Your email address will not be published. Required fields are marked *