SECP Warns of Social Media Scam

Wed Sep 04 2024
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Web Desk
SECP, social media, Scam, WhatsApp, Corporate Sector Sources: SECP
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ISLAMABAD: The Securities and Exchange Commission of Pakistan (SECP) has issued a public alert about a surge in fraudulent social media and WhatsApp groups masquerading as investment training courses.

SECP is Pakistan’s corporate watchdog that aims to not only modernize but also streamline the corporate sector and capital markets; promoting investment and driving economic growth through robust regulatory practice. According to SECP’s latest press release, these scam artists are impersonating well-known business figures and reputable international firms to lure unsuspecting investors.

SECP, social media, Scam, WhatsApp, Corporate Sector Sources: SECP

These deceitful operators charge fees for so-called exclusive access or ‘membership’ to insider investment tips and training, but are just pocketing your money. The SECP warns that these schemes are fraudulent, and designed to loot innocent individuals.

In light of this, the SECP urges the public to exercise extreme caution; verify the legitimacy of any investment offers or groups before making any payments, and never share personal or financial information with unverified sources.

If you encounter these scams, report them immediately to SECP through official channels. Stay vigilant and help spread the word to protect yourself and others from these financial predators. “Protect yourself and others by spreading awareness about this scam,” the press release concluded.

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Afghanistan continues to pose multiple security threats to neighborly countries. Afghan interim government commonly known as the Taliban regime recently celebrated the third anniversary of their takeover of Kabul. Taliban’s speedy takeover and the quick meltdown of the Ashraf Ghani regime both are remembered as meaningful surprising events in the checkered history of Afghanistan. The subsequent withdrawal of US troops from Afghanistan triggered numerous intriguing questions. The apparent hasty withdrawal of American forces though celebrated as a victory by the Taliban however it could not bring any stability to Afghanistan. Though withdrawal took place under Joe Biden’s watch, however, the grounds were prepared by the Trump administration prior to leaving the white house consequent to election defeat. The arrival of the Taliban in Kabul as an uncontested force on 15th Aug 2021 made the whole American campaign a shadowy affair stretched over almost two decades. Critiques are justified in questioning the outcome of such a lengthy military and political campaign orchestrated by the USA in Afghanistan. No satisfactory response has ever surfaced from the State Department and Pentagon sides about the quick meltdown of the Afghan National Army. It is obvious that the surprisingly expeditious winding up of the Ashraf Ghani regime further exposed the weaknesses of the whole American prescription applied to heal Afghanistan. The multiple damaging effects of the ill-conceived strategy on the war-torn society of Afghanistan are not too difficult to understand. Present-day Afghanistan is more polarized and unsettled under the Taliban’s unelected regime. The demolition of the political façade in August 2021 was not a sudden development but rather a much-expected outcome of the dubious Doha agreement. Analysts having fair insight into the Afghan dynamics were apprehensive about the American deal with the Taliban while Ashraf Ghani was very much present in the office of President. Simply put, the American direct agreement with the Taliban in Doha was actually the beginning of the end of Ashraf Ghani's regime. Bitterness in bilateral ties between Pakistan and Afghanistan has been constantly growing over the issue of cross-border terrorism. Against all the positive expectations of Islamabad, the interim Afghan government has not responded against the Khawarij which comprises the banned TTP and its numerous splinter groups. Ironically, the Taliban regime is providing all sorts of support to those Khawarij terrorists who are involved in attacks on Pakistani security forces, unarmed civilians and military installations. Facts and figures clearly reflect the alarming rise in cross-border terrorist attacks inside Pakistan after the arrival of the Taliban on Kabul’s throne. Pakistan has rightly questioned the liberty of action granted to the Khawarij terrorists on Afghan soil by the interim Taliban setup. These genuine security concerns have been conveyed to the Taliban regime through all available channels. Repeated engagements from the Pakistan side via diplomatic, political, religious and media channels, nothing positive could not gain any breakthrough in finishing the bloody cycle of terrorism. Growing security concerns gradually taking the shape of anger in Pakistan because huge losses to men and materials are crossing the limits of patience. Unwise rulers of Kabul are acting against the interests of a neighbor like Pakistan who always stood alongside Afghan brethren in hours of need. It seems that sympathizers of Khawarij (banned TTP) are now dominating the interim Afghan government and saner elements have lost their say in the decision-making process. Multiple reports released by the UN, EU and international watchdogs have revealed undeniable information about the active presence of global terrorist groups in Afghanistan. The Taliban regime is in denial mode and seems in a mood to continue with the present harmful policies. The loud arrogance of Taliban officials on the highly objectionable stance about cross-border terrorism is endangering regional peace. In a recent statement, the military chief of the interim Afghan government Qari Fasihuddin Fitrat has denied any presence of banned TTP elements in Afghanistan. This absurd denial is credible evidence of the Taliban’s contradicting stance about the presence of Khawarij (Banned TTP) on Afghan soil. How Qari Fasihullah Fitrat can ask for evidence of Khawarij’s existence while Taliban supreme leader Hibatullah Akhundzadah urged Afghans through a fatwa to refrain from joining the terrorism spree of banned TTP against Pakistan last year. 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