SECP Issues Public Warning Over a Company Advertising Fake Schemes!

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SECP

The Securities and Exchange Commission of Pakistan (SECP) issued a notice on Thursday to warn the general public.

The warning was in regards to trusting schemes, job opportunities, programs, and investment options offered by unofficial media channels.

The Press Release further states that the commission has taken in to notice that M/s Galaxy Typing Jobs Limited was involved in illegal activities.

PTCL

The company was taking unauthorized deposits under the promises of launching different investment programs through its website. In return, it was offering heavy incentives to all investors.

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The company was also found committing fraud by claiming that the website is SECP approved. On the other hand, SECP clarified that just because companies are registered with SECP, it does not mean they will not commit illegal activities and that does not mean they have the authority to take deposits from the general public.

SECP has declared such business activities as unauthorized and unlawful in Pakistan and has also initiated action against the criminals.

Have you fallen victim to a similar scam? Share your experience with us in the comments below.

Stay tuned to Brandsynario for more news and updates.

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