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Business & Finance Print edition: 2023-05-25

SECP warns against investing in illegal investment schemes

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By Recorder Report

ISLAMABAD: The Securities and Exchange Commission of Pakistan (SECP) has warned the general public against investing in any fraudulent investment schemes that promise hefty profits and unrealistic incentives.

The Commission has been constantly clarifying that mere registration of a company, does not authorize it to solicit deposits from the general public or offer investment schemes.

The SECP has noticed that a company, namely “Alliance in Motion Global (Private) Limited”, is offering various packages to attract the public to its unlawful business activities of Multi-Level Marketing (MLM), in violation of clauses of the memorandum of association. The directors of the company include Raymond Asperin, Eduardo Cabantog, and Ahmad Muhammad.

Copyright Business Recorder, 2023

SECP general public fraudulent investment schemes

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Syed Shehzada akbar May 27, 2023 01:47pm
It's not the major reason of economic deterioration of the state...please focus on those factors that are the major causes. Personal investments don't cause economic fluctuations! U don't have any major subject to deal so u interrupt in this minor factor teasing general public all the time!
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Syed Shehzada akbar May 27, 2023 01:50pm
Some people get benefit and lead their lives happily and that's not possible inside Pakistan. Here only those who have political attachment is living alive, general public is dying n no one cares about!!!
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