{"id":60924,"date":"2024-01-23T16:12:16","date_gmt":"2024-01-23T08:12:16","guid":{"rendered":"https:\/\/www.imoney.my\/articles\/?p=60924"},"modified":"2024-01-23T16:37:41","modified_gmt":"2024-01-23T08:37:41","slug":"hap2py-unauthorised-sc","status":"publish","type":"post","link":"https:\/\/www.imoney.my\/articles\/hap2py-unauthorised-sc","title":{"rendered":"Hap2py Not Authorised To Operate P2P In Malaysia, Says Securities Commission"},"content":{"rendered":"

The Securities Commission (SC) has warned the public against investing or dealing in any way with Hap2py, as they are unauthorised to operate in Malaysia.<\/span><\/p>\n

Hap2py is a peer-to-peer financing platform, which means that they provide services such as loans, fixed deposits, and investment products.<\/span><\/p>\n

According to the statement released by SC yesterday, SC has already taken numerous steps to block Hap2py from preying on unsuspecting victims, such as placing them on <\/span>SC\u2019s Investor Alert List<\/span><\/a>, <\/b>blocking Hap2py\u2019s multiple websites, and issuing cease and desist letters.<\/span><\/p>\n

However, SC stated that Hap2py continues to entice Malaysian investors in multiple ways, such as using variations of their websites, and social media advertisements.<\/span><\/p>\n

Hap2Py not an authorised Recognised Market Operator in Malaysia<\/h2>\n

This has led to a number of queries and complaints from the public regarding this entity.<\/span><\/p>\n

In the statement, SC also reiterated that Hap2py is not an authorised Recognised Market Operator (RMO). It is currently operating a P2P platform without first obtaining the SC\u2019s authorisation as an RMO, which is an offence under the Capital Market Services Act 2007.<\/span><\/p>\n

As such, SC will not hesitate to take further action if Hap2py continues to flout their non-compliance of the rules.<\/span><\/p>\n

From their website, some of the services provided by Hap2py includes a fixed deposit investing account, and a savings investing account. It is also offering attractive high return rates.<\/p>\n

Read More: New Names Added To Securities Commission\u2019s Investor Alert List<\/a><\/p>\n","protected":false},"excerpt":{"rendered":"

The Securities Commission has warned the public against dealing with Hap2py, as they are not a Recognised Market Operator in Malaysia.<\/p>\n","protected":false},"author":51,"featured_media":60935,"comment_status":"open","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"_acf_changed":false,"footnotes":""},"categories":[256,216],"tags":[1579,1933,1372,1373,493],"class_list":["post-60924","post","type-post","status-publish","format-standard","has-post-thumbnail","hentry","category-lifestyle","category-news-updates","tag-jangankenascam","tag-hap2py","tag-sc","tag-sc-malaysia","tag-scam"],"acf":[],"yoast_head":"\nSC Says Hap2py Is Not Authorised To Operate P2P in Malaysia<\/title>\n<meta name=\"description\" content=\"The Securities Commission has warned the public against dealing with Hap2py, as they are not a Recognised Market Operator in Malaysia.\" \/>\n<meta name=\"robots\" content=\"index, follow, max-snippet:-1, max-image-preview:large, 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