The Securities and Exchange Commission of Pakistan (SECP) has issued a public warning regarding two illegal online trading platforms operating under the names “Hillhouse Capital/Hillhouse Investment” and “S-169 Wharton.” These platforms are reportedly enticing investors with promises of high returns on investments in shares of listed companies.
In its official statement, the SECP clarified that neither of these platforms is licensed or authorized to conduct trading activities in Pakistan. The regulator emphasized that both platforms are fraudulent and have already been reported to law enforcement agencies for further investigation and action.
Authorities highlighted that such unlicensed platforms are frequently promoted through informal channels, including WhatsApp groups, where individuals misrepresent themselves as representatives of licensed brokers or reputable financial institutions. Investors are at significant risk if they engage with these platforms, as they often involve fraudulent schemes designed to steal money and personal information.
The SECP strongly advises the public to only transact with securities and futures brokers that are officially licensed by the commission. Investors are encouraged to verify broker credentials through official websites and use only official communication channels listed by the Pakistan Stock Exchange (PSX) or Pakistan Mercantile Exchange (PMEX). Comprehensive lists of licensed brokers are made available on these platforms to ensure safe and secure investment practices.
The regulator further cautioned investors against depositing funds, sharing sensitive personal data, or participating in any trading activity offered by unlicensed platforms. By urging heightened vigilance, the SECP seeks to protect public confidence in Pakistan’s capital markets and prevent potential financial losses.
Officials reaffirmed that regular public alerts will continue as part of the SECP’s commitment to investor protection. These measures aim to raise awareness about emerging financial scams and ensure that individuals make informed investment decisions within the regulated framework.
Investors are reminded that high returns promised by unverified platforms are often unrealistic and indicative of potential fraud. By engaging only with licensed institutions, the public can safeguard their investments while contributing to a transparent and secure financial ecosystem in Pakistan.
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