Equity Crowdfunding Vs Cybercrime: A Legal Protection
Equity Crowdfunding (ECF) is a type of financial support that enables a start-up to acquire principal to run a companies by way of small equity investments by using online portals to advertise and promote such proposals to public shareholders. Since the modus operandi of ECF is using Internet platfo...
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Bangladesh Institute of Legal Development
2022
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my.uum.repo.313522024-08-29T11:14:04Z https://repo.uum.edu.my/id/eprint/31352/ Equity Crowdfunding Vs Cybercrime: A Legal Protection Yeon, Asmah Laili Yaacob, Nurli Hussain, Mohammad Azam Md Ismail, Che Thalbi K Law (General) Equity Crowdfunding (ECF) is a type of financial support that enables a start-up to acquire principal to run a companies by way of small equity investments by using online portals to advertise and promote such proposals to public shareholders. Since the modus operandi of ECF is using Internet platform, such fundraising therefore, it is not immune to fraud. The article aim is to evaluate the legal protection of cybercrime to the issuers, platform distributers and ECF business investors in Malaysia. For this study, doctrinal legal investigation has been employed by scrutinizing the legislations governing ECF in Malaysia particularly Capital Market and Services Act 2007 (Act 671) (CMSA 2007) and Securities Commission’s Guidelines on Recognized Markets 2020 (GRM 2020). Whether the existing legislations are appropriate in respect to ECF to combat cybercrime? The study found that there are numerous legal problems concerning ECF Company in Malaysia; Issuers and Recognized Market Operator contracts, privacy and personal data protection, cybercrime, compliance with public offering rules and guidelines, and registration procedures and their challenges. Even while the CMSA 2007 and GRM 2020 govern ECF commerce, other related regulations like CCA 1997, CMA 1998, and others also apply to cybercrimes committed in the ECF market. Some provisions pertaining to ECF cybercrime have gaps in them. The current legal framework should place more emphasis on addressing fraud and the possibility of intellectual theft by other parties Bangladesh Institute of Legal Development 2022 Article PeerReviewed application/pdf en https://repo.uum.edu.my/id/eprint/31352/1/BLJ%2007%2001%202022%20139-150.pdf Yeon, Asmah Laili and Yaacob, Nurli and Hussain, Mohammad Azam and Md Ismail, Che Thalbi (2022) Equity Crowdfunding Vs Cybercrime: A Legal Protection. BiLD Law Journal, 7 (1). pp. 139-150. ISSN 2518-6523 https://bildbd.com/index.php/blj/about |
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K Law (General) Yeon, Asmah Laili Yaacob, Nurli Hussain, Mohammad Azam Md Ismail, Che Thalbi Equity Crowdfunding Vs Cybercrime: A Legal Protection |
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Equity Crowdfunding (ECF) is a type of financial support that enables a start-up to acquire principal to run a companies by way of small equity investments by using online portals to advertise and promote such proposals to public shareholders. Since the modus operandi of ECF is using Internet platform, such fundraising therefore, it is not immune to fraud. The article aim is to evaluate the legal protection of cybercrime to the issuers, platform distributers and ECF business investors in Malaysia. For this study, doctrinal legal investigation has been employed by scrutinizing the legislations governing ECF in Malaysia particularly Capital Market and Services Act 2007 (Act 671) (CMSA 2007) and Securities Commission’s Guidelines on Recognized Markets 2020 (GRM 2020). Whether the existing legislations are appropriate in respect to ECF to combat cybercrime? The study found that there are numerous legal problems concerning ECF Company in Malaysia; Issuers and Recognized Market Operator contracts, privacy and personal data protection, cybercrime, compliance with public offering rules and guidelines, and registration procedures and their challenges. Even while the CMSA 2007 and GRM 2020 govern ECF commerce, other related regulations like CCA 1997, CMA 1998, and others also apply to cybercrimes committed in the ECF market. Some provisions pertaining to ECF cybercrime have gaps in them. The current legal framework should place more emphasis on addressing fraud and the possibility of intellectual theft by other parties |
format |
Article |
author |
Yeon, Asmah Laili Yaacob, Nurli Hussain, Mohammad Azam Md Ismail, Che Thalbi |
author_facet |
Yeon, Asmah Laili Yaacob, Nurli Hussain, Mohammad Azam Md Ismail, Che Thalbi |
author_sort |
Yeon, Asmah Laili |
title |
Equity Crowdfunding Vs Cybercrime: A Legal Protection |
title_short |
Equity Crowdfunding Vs Cybercrime: A Legal Protection |
title_full |
Equity Crowdfunding Vs Cybercrime: A Legal Protection |
title_fullStr |
Equity Crowdfunding Vs Cybercrime: A Legal Protection |
title_full_unstemmed |
Equity Crowdfunding Vs Cybercrime: A Legal Protection |
title_sort |
equity crowdfunding vs cybercrime: a legal protection |
publisher |
Bangladesh Institute of Legal Development |
publishDate |
2022 |
url |
https://repo.uum.edu.my/id/eprint/31352/1/BLJ%2007%2001%202022%20139-150.pdf https://repo.uum.edu.my/id/eprint/31352/ https://bildbd.com/index.php/blj/about |
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