SECP warns against fake schemes
ISLAMABAD: Securities and Exchange Commission of Pakistan (SECP) on Tuesday issued a public warning advising people not to invest in any fraudulent investment schemes.
SECP issued a list of companies which, through their online platforms/websites, were involved in illegal schemes regarding fractionalization of real estate assets and were found selling those fractions to public at large.
The companies include Xstate Technologies (Private) Limited, Beacon Marketing (Private) Limited, International Hospitality Investment Group (Private) Limited, Dao Proptech (Private) Limited, and Neo Cassa (Private) Limited.
“While SECP has initiated legal action/adopted legal course against these entities for carrying unauthorized/illegal business activities, it is deemed appropriate to alert the public against possible misuse of registration status of the companies to mislead them,” stated the commission.
“The general public, in their best interest, is advised to refrain from investing their hard-earned money into any unauthorized schemes,” it added.
-
Rebecca Gayheart Breaks Silence After Eric Dane's Death -
Kate Middleton 2026 BAFTA Dress Honours Queen Elizabeth Priceless Diamonds -
Sterling K. Brown's Wife Ryan Michelle Bathe Reveals Initial Hesitation Before Taking On New Role -
BAFTA Film Awards Winners: Complete List Of Winners Updating -
Millie Bobby Brown On Her Desire To Have A Big Brood With Husband Jake Bongiovi -
Biographer Exposes Aftermath Of Meghan Markle’s Emotional Breakdown -
Backstreet Boys Admit Aging Changed Everything Before Shows -
Ryan Coogler Makes Rare Statements About His Impact On 'Black Cinema' -
Rising Energy Costs Put UK Manufacturing Competitiveness At Risk, Industry Groups Warn -
Kate Middleton Makes Glitzy Return To BAFTAs After Cancer Diagnosis -
NFL Star Rondale Moore Dies Aged 25, Minnesota Vikings Pay Tribute -
Kim Kardashian Makes Huge Career Move Weeks After Going Public With Lewis Hamilton -
Shia LaBeouf Draws Attention For Sweet Reason After Spending Time In Jail Over Brawl Incident Amid Mardi Gras Bash -
Princess Eugenie, Beatrice Receive Strong Warning After Andrew Arrest: 'Zero Tolerance' -
Rihanna 38th Birthday Detail Breaks The Internet, Featuring Unexpected Huge Item -
Liza Minnelli Recalls Rare Backstage Memory With Mum Judy Garland In New Memoir