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The Securities and Exchange Commission of Pakistan (SECP) has raised alarms over illegal online trading platforms targeting unsuspecting investors. Operating under the names “Hillhouse Capital/ Hillhouse Investment” and “S-169 Wharton,” these platforms promise unusually high returns on listed company shares, a claim experts warn is misleading.
SECP has confirmed that neither “Hillhouse Capital/ Hillhouse Investment” nor “S-169 Wharton” holds any license or authorization to run investment or trading services in Pakistan. The commission has also reported these platforms to relevant law enforcement agencies for further action.
Fraudulent platforms like these often reach investors through WhatsApp groups, using the names of licensed brokers, established institutions, or well-known professionals to appear credible. SECP emphasizes that such schemes are illegal and can lead to significant financial losses.
Investors are advised to work only with SECP-licensed securities and futures brokers. All communications should be conducted through official channels listed on the brokers’ websites. A complete list of licensed brokers is available on the Pakistan Stock Exchange and Pakistan Mercantile Exchange websites.
SECP urges the public to verify the legitimacy of any investment service before sharing personal information or transferring funds. The commission strongly warns against depositing money with “Hillhouse Capital/Hillhouse Investment,” “S-169 Wharton,” or similar unlicensed platforms. Vigilance and due diligence remain essential to avoid falling victim to such fraudulent schemes.
