The public is advised by the Securities and Exchange Commission of Pakistan (SECP) not to invest in stocks or other financial products that are traded on domestic or foreign securities markets through unlicensed online trading platforms, websites, or mobile applications that promise exaggerated returns.
According to a news release, SECP has received complaints from investors and licensed securities brokers about platforms including Aviva Securities, BMA Capital No.108/BMAC Global Pro, IGIL Securities Country, Interactive Brokers Group (IBKR), and WTIC World Top Investor Competition, among others.
Social media is being used to advertise these fraudulent platforms, which lure people in with false promises of large profits and low risk.
