SECP Warns Public Against Unauthorized Investment Platforms

News Desk 

Islamabad: The Securities and Exchange Commission of Pakistan (SECP) has cautioned the general public against illegal online trading platforms operating under the names “Hillhouse Capital/Hillhouse Investment” and “S-169 Wharton.”

In a statement issued on Tuesday, the SECP said these platforms are luring citizens with exaggerated promises of high returns on investments in shares of listed companies. The regulator clarified that neither entity is licensed nor authorized by the SECP to operate any investment or trading platform in Pakistan.

The commission said it has reported the matter to relevant law enforcement agencies for necessary action.

Reiterating its advisory, the SECP warned that such illegal platforms are often promoted through WhatsApp groups and other online channels by individuals fraudulently misusing the names of licensed brokers, reputable institutions, or well-known professionals.

Read More: https://thepenpk.com/stories-of-pakistans-online-scam-survivors/

The SECP advised investors to conduct business only with SECP-licensed securities and futures brokers and to communicate with them solely through official contact details available on their respective websites. Lists of licensed brokers are available on the websites of the Pakistan Stock Exchange and the Pakistan Mercantile Exchange.

Urging citizens to remain vigilant, the SECP stressed the importance of verifying the legitimacy of any investment service before transferring funds or sharing personal information.

The regulator strongly warned the public not to deposit or invest any funds with “Hillhouse Capital/Hillhouse Investment,” “S-169 Wharton,” or with any individuals or groups promoting similar unauthorized platforms in any form.