KUALA LUMPUR: The Securities Commission has identified 61 companies that are running illegal on-line investment schemes.and the Star, Securities Commission to filter out scams on Net
The names of these companies and their websites are on the SC’s website. The market regulator said it would block access to these websites from June 11 and advised those who had invested in them to withdraw their funds and terminate their accounts."Investors will not be able to enter their accounts once access to the websites is blocked," a spokesperson said yesterday. The SC is joining forces with the Malaysian Communications and Multimedia Commission and CyberSecurity Malaysia to track, identify and block access to local and foreign websites promoting illegal investment schemes.
PETALING JAYA: The Securities Commission will block access to websites offering illegal investment schemes beginning June 11.Lulu always thought that MSC's Bill of Guarantees includes the statment "Ensure no Internet censorship"
Investors, the commission said, would not be able to enter their accounts once access to the websites was blocked.
“All existing investors to such schemes via the Internet are urged to withdraw their investments and terminate their accounts immediately,” the SC said in a statement on its website yesterday
The SC said it was working with the Malaysian Communications and Multimedia Commission (MCMC) and CyberSecurity Malaysia to track, identify and block access to local and foreign websites promoting such investment scams.
As recent(?) as Aug 1, 2006, Energy, Water and Communications Datuk Seri Dr Lim Keng Yaik ensured that there will be NO regulating Internet content
So, what's happening here?
"It's difficult (to control the content) especially when you had given a promise when promoting the MSC (Multimedia Super Corridor). You have to go back on our word. [lulu - if you follow the Iskandariah project, you'd know were getting quite famous for it] Part of the article of guarantees of MSC was no censorship," he said after launching "EZ 2 Own Broadband PC' programme.
One of the bill of guarantees under the MSC conceptualised in 1996 was that the government will not institute Internet censorship.
Asked if the ministry planned to regulate it in future, he reiterated: "Not that I am aware of. Not at the present moment because we've given a bill of guarantees to the MSC."
Isn't blocking those sites tantamount to censorship and/or regulating the internet?
Fair and true, those sites are promoting illegal investment schemes. But isn't there another way to tackle the problem?
And didn't it cross the wise guy's mind that when he's giving the investors notice to withdraw their money, he's at the same time giving notice to the schemers to withdraw THEIR money too and disappear?
And what makes them think that the schemers will not come up with a new site, maybe something as harmless and legitiamate sounding like www.merdekatrust.com.my or even dodgy sounding ones like www.wangbergandamacamanakmertua.com ?
TV Smith put it aptly when he points out, never blame it on one's own greed and stupidity, blame it on the internet.
After they block these dodgy investment site, what next?
some site which gives an honest review of Proton cars?
or Malaysiakini which gives you another perspective of news in Malaysia?
maybe even www.whatalulu.blogspot.com?
i mean, think about it... maybe, some day, all the Lulus in Malaysia may gang up and protest that WhatALulu does not reflect well on their name, and ask that it be blocked.
You don't want that, do you?
Can someone assure Lulu that they're not talking about Internet censorship?
is this indeed the first step of Internet censorship, disguised with good intentions, but leading us into an alley we don't want to enter?
Carboncopy, who blogs at Salinan Karbon also shares his concern over this issue.
this issue as in internet censorship, not whatalulu getting banned.