ISLAMABAD – The Securities and Exchange Commission of Pakistan (SECP) has issued alert about fraudulent social media and WhatsApp groups operating under the guise of investment training courses.
In a statement issued on Friday, the SECP has warned public at large to beware of such investment-related schemes to avoid losing hard earned money.
These groups are impersonating well-known local and international business personalities or reputable international financial companies to deceive the general public. The operators/handlers of these groups are charging fees from individuals to grant them membership, promising exclusive access to insider tips and training on investments.
The SECP urges the public to exercise extreme caution and verify the authenticity of any investment-related schemes before making any payments. In addition, SECP advises public not to share any personal or financial information with these unverified sources, as it could result in significant financial loss.
Public is advised that if they encounter any such deceptive practices, they should immediately report it to SECP via the official contact channels. Protect yourself and others by spreading awareness about this scam.
