Says they aren't authorised to seek investments
Photo: SECP
The Securities and Exchange Commission of Pakistan (SECP) has published a list of companies who are fraudulently calling for investment.
These companies are claiming to be registered with the SECP and FBR but are not. They are offering unauthorized business activities of leasing/financing, MLM, pyramid/Ponzi schemes, various fake posts and are also seeking deposits from the general public in the name of jobs, investment and trading.
The Commission has cautioned people from investing in these companies. It has initiated legal proceedings against several companies:
The SECP also listed companies it frequently receives complaints and queries against for their unauthorized activities.
It said that being registered with the SECP does not authorize it to seek deposits from the general public.
Tell us what you think:
why SECP didn’t take action against these companies? If SECP didn’t take action it means any one cane make fraud business in Pakistan. How they are saying so disgusting and still no one in the jail and also there is no news TV, News papers.
SECP should take action. Otherwise they will loot pakistan and run away
Why secp not take action against B4U group…even this company still running in pakistan with a huge ammount of investment by inocent people…
dear sir kindly check 2021 press print secp b4u is not is list