The Securities and Exchange Commission of Islamic Republic of Pakistan (SECP) issued a notice on Thursday to warn the final public.
The warning was with regard to trusting schemes, job opportunities, programs, and investment choices offered by unofficial media channels.
The announcement more states that the commission has taken in to note that M/s Galaxy typewriting Jobs restricted was concerned in nonlegal activities.
The company was taking unauthorized deposits beneath the guarantees of launching totally different investment programs through its web site. In return, it had been giving significant incentives to all or any investors.
The company was additionally found committing fraud by claiming that the web site is SECP approved. On the opposite hand, SECP processed that simply because corporations are registered with SECP, it doesn’t mean they’re going to not commit nonlegal activities which does not mean they need the authority to require deposits from the final public.
SECP has declared such business activities as unauthorized and unlawful in Islamic Republic of Pakistan and has additionally initiated action against the criminals.