Karachi: The Pakistan Stock Exchange Limited (PSX) has issued an alert to the investing public about an increase in fraudulent activities conducted through various social media platforms. These scams, which often use advanced AI technology alongside conventional methods, target investors by inviting them to join groups or fill forms on platforms like WhatsApp, Facebook/Meta, among others.

According to Pakistan Stock Exchange Limited, scammers are exploiting the names of registered professionals and falsely claiming affiliations with legitimate companies to draw individuals into unauthorized investment schemes. These fraudulent entities often present convincing correspondence that may include the regulator’s name, logo, images, and even impersonate top management. The schemes typically promise guaranteed returns with little to no risk and offer purported insider tips and investment training. They also frequently request personal or financial information, or direct payments to individuals or third parties.

Investors are advised to exercise caution and avoid engaging with unsolicited investment advice from unrecognized social media groups and forums. Official trading of listed company shares should be conducted exclusively through securities brokers licensed by the Securities and Exchange Commission of Pakistan (SECP). A comprehensive list of licensed securities brokers can be found through official SECP channels.