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Thursday, November 28, 2024

Home Business Scam alert issued about fraudulent trading platform ‘IGIL Securities’

Scam alert issued about fraudulent trading platform ‘IGIL Securities’

by Staff Report
November 28, 2024
in Business, Featured

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ISLAMABAD – The Securities and Exchange Commission of Pakistan (SECP) has identified another illegal trading platform operating under the name “IGIL Securities”.

The platform is being promoted through social media and WhatsApp Groups falsely claiming to be a legitimate company and promising substantial returns on trading in the Pakistan Stock Exchange (PSX) and international stock markets.

The general public is informed that “IGIL Securities” is neither registered nor licensed by SECP to operate any platform for trading shares on the Pakistan Stock Exchange or international stock exchanges.

“Please note that trading in shares of listed companies and/or commodities is only allowed through SECP-licensed securities and futures brokers”, reads a press release issued by the SECP on Thursday.