The Securities and Exchange Commission of Pakistan (SECP) issued a public warning about unauthorized individuals and groups promoting illegal investment and trading platforms via social media and WhatsApp, including a mobile and web application branded “TSLWEA/TSL WEALTH” that is impersonating the licensed securities broker Topline Securities Limited. SECP said “TSLWEA/TSL WEALTH” is neither licensed nor authorized to operate any investment or trading platform for Pakistan Stock Exchange Limited (PSX) or any other regulated market, and flagged a WhatsApp group titled “A103-Topline Stock Strategies Hub” that is falsely associating the app and an AI-based trading system with Topline. The regulator also observed AI-generated advertisements using images of celebrities, FinFluencers and brokerage executives to lure users into WhatsApp groups purportedly for investing in listed shares, warning that such groups are illegal and participants face a high risk of financial loss. Investors were advised to trade only through SECP-licensed securities and futures brokers, consult the broker lists on the PSX and PMEX websites, and verify any investment service before sharing funds or personal information; SECP has reported the identified unauthorized platforms to Google, the PTA and law enforcement agencies.

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