The Securities and Exchange Commission of Pakistan (SECP) has issued a warning to investors about illegal online trading platforms operating under the names “Hillhouse Capital/Hillhouse Investment” and “S-169 Wharton.” These platforms are luring the public with promises of unusually high returns on shares of listed companies.
The SECP clarified that these platforms are neither licensed nor authorized to provide investment or trading services and have been reported to law enforcement authorities.
“The public must remain vigilant and only invest through SECP-approved brokers using official channels,” the SECP advised.
Fraudulent platforms often spread via WhatsApp groups and misuse the names of licensed brokers or reputable institutions to gain trust. Investors are urged to verify any trading service before sharing personal or financial information. A list of licensed brokers can be found on the Pakistan Stock Exchange and Pakistan Mercantile Exchange websites.
Experts say such scams are on the rise, and the public should avoid schemes promising guaranteed high returns, as legitimate investments always carry risks. SECP continues to emphasize awareness and caution to protect investors from potential financial loss
