BIZ BUZZ: Fake PSE alert!

There’s an imposter lurking among us, and it’s impersonating the operator of the local bourse—during a challenging time for the market at that!

The Philippine Stock Exchange Inc. (PSE) on Tuesday issued a memorandum warning against a fraudulent website shown to be using the company’s name, logo and its officers to supposedly promote a trading platform.

According to PSE, thepseinc.com was also offering market analysis and investment guides, along with an investment portal that “lures people” to create their own accounts.

Users are supposedly asked to provide their personal information and register for a subscription to a sham investment tool and other offerings.

“We would like to inform the public that such a website is clearly fake and unauthorized by the PSE,” it said.

For regular visitors of the actual PSE website—www.pse.com.ph—they can clearly see that it does not operate an investment portal nor does it solicit subscriptions.

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Naturally, PSE also encouraged the public to be cautious and verify the legitimacy of anything they may see online that claim to be affiliated with the company.

Careful, folks!