Islamabad, Sep 3: A public alert has been released by the Securities and Exchange Commission of Pakistan (SECP) about the rise in fake social media and WhatsApp groups that pose as investment education programs.
To trick the public, these outfits pose as respected international financial institutions or well-known local and international business figures.
In exchange for membership dues, the operators/handlers of these clubs promise members unique access to investment instruction and insider recommendations. The SECP alerts the public to the fact that these actions are deceptive and intended to steal from innocent individuals.
The SECP strongly advises the public to proceed with utmost caution and to confirm the legitimacy of any investment-related groups or offers before cooperating or sending money. Sharing any financial or personal information with these unreliable sites could result in a large financial loss, hence SECP recommends against doing so.
The general public is urged to report any such fraudulent conduct they come across to SECP right away by using the official channels for communication. Increase awareness about this fraud to protect both yourself and other people.
