Pakistan Stock Exchange warns of surge in social media investment scams
On October 3, the Pakistan Stock Exchange (PSX) alerted investors about the increase in fraudulent investment schemes promoted through social media platforms like Facebook and WhatsApp.
These schemes often involve unauthorized groups and individuals falsely claiming to be registered professionals or affiliated with legitimate companies. They use various tactics, including AI technology and impersonation of regulatory bodies, to deceive investors with promises of unrealistic returns and insider tips. These groups may request personal or financial information and pressure individuals to send money.
To stay informed, the PSX recommends regularly checking the official websites and social media pages of the SECP, PSX, Central Depository Company of Pakistan (CDC), and National Clearing Company of Pakistan Limited (NCCPL).
The PSX clarified that it bears no responsibility for any losses incurred due to these fraudulent activities and urged the public to avoid engaging with unauthorized groups and forums on social media.
The PSX emphasized that trading in listed company shares should only be conducted through brokers licensed by the Securities and Exchange Commission of Pakistan (SECP). Investors are urged to be cautious of unsolicited investment advice and to verify the credentials of anyone offering such services.
” 
” 
” 
” 
” 
