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BMW9700
24-01-2010, 09:26 PM
is the HYIP or high yield investment programme legal in malaysia? they seems to be operated by big finance houses....any insight id appreciated...

regards

Mat Bruce
24-01-2010, 10:32 PM
is the HYIP or high yield investment programme legal in malaysia? they seems to be operated by big finance houses....any insight id appreciated...

regards

You mean the like of Lehman bros? High yield = high risk?

Sentinel
24-01-2010, 10:46 PM
I don't think its a question of these High Yield Investment Products being legal or illegal in Malaysia. If the product is being sold and marketed overseas and you purchase / invest in these products overseas, there is no law to oversee the investments being legal or illegal.

For example, if you invest in some bonds sold by Barclays Bank in Singapore, I am sure there is no question of the product being legal or otherwise. It is more relevant to ask if Monetary Authority of Singapore (MAS) has approved the product there (in Singapore)...