PESHAWAR: The Supreme Court on Monday suspended the Peshawar High Court’s (PHC) verdict denying the Sunni Ittehad Council (SIC)
SECP warns public to refrain from investing in fraudulent schemes
KARACHI: The Securities and Exchange Commission of Pakistan (SECP) to promote protection of investors and the public interest, regularly issues warnings and alerts, guiding 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.
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