It has come to our attention that there is an online investment scam where consumers surfing the internet portal, 88DB.com, for loans were lured by promises of quick gains from the stock market (the "Investors"). Scam operators had instructed the investors to open online trading accounts with Phillip Securities Pte Ltd ("PSPL") and then forward their account numbers and passwords to persons known as "Richard" and "Sam" (collectively, the "Perpetrators"), who claimed that they would help the Investors make money on the stock market.

Important: We would like to alert customers and consumers about the scam. Please note that PSPL does not have any relationship nor is in any way associated with the Perpetrators. We wish to remind customers that they should not disclose their trading account information to anyone. Customers should be aware that they are liable to pay up all monies and liabilities due or upon demand of all trading accounts belonging to them.