SECP warns public to refrain from investing in fraudulent schemes
General public should refrain from investing in fraudulent investment schemes: SECP
ISLAMABAD (Web Desk) - The Securities and Exchange Commission of Pakistan (SECP) has urged the general public to refrain from investing in fraudulent investment schemes that promise hefty profits and unrealistic returns.
According to a press release that as clearly covered in Section 84 of the Companies Act, 2017, inviting and accepting deposits from the public is a prohibited activity, and can only be offered by specialized companies duly authorized by the SECP or SBP.
