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ISLAMABAD, Jan 13 (APP):The Securities and Exchange Commission of Pakistan (SECP) has identified illegal online trading platforms operating under the names “Hillhouse Capital/ Hillhouse Investment” and “S-169 Wharton.” These platforms are enticing the public with exaggerated promises of high returns on investments in listed company shares, said a release issued here on Tuesday.
The public is hereby informed that “Hillhouse Capital/ Hillhouse Investment” and “S-169 Wharton” are neither licensed nor authorized by SECP to operate any investment or trading platform. SECP has reported these illegal platforms to relevant law enforcement agencies.
The SECP regularly cautions the general public to remain vigilant against such illegal investment and trading platforms, which are often promoted through WhatsApp groups by individuals fraudulently misusing the names of licensed brokers, reputed institutions, or renowned professionals.
The general public is advised to engage only with SECP-licensed securities and futures brokers and to contact them exclusively through the official communication channels provided on their respective websites. A list of licensed brokers is available on the websites of the Pakistan Stock Exchange and Pakistan Mercantile Exchange.
SECP urges investors to remain vigilant, avoid fraudulent platforms, and verify the legitimacy of any investment service before conducting financial transactions or sharing personal information.
SECP strongly warns the public not to deposit or invest any funds with “Hillhouse Capital/Hillhouse Investment” and “S-169 Wharton” or with any individuals or groups promoting similar illegal platforms in any form or arrangement.