SECP warns against fraudulent trading platform "Interactive Brokers Group"

MG News | November 15, 2024 at 04:15 PM GMT+05:00

0:00

November 15, 2024 (MLN): The Securities and Exchange Commission of Pakistan (SECP) has identified another illegal trading platform operating under the name "Interactive Brokers Group (IBKR)".

This platform is being promoted through social media and WhatsApp groups. The public is being enticed to invest through this platform with promises of substantial returns from trading on the Pakistan Stock Exchange and international stock markets.

SECP has informed that "Interactive Brokers Group (IBKR)" is neither registered nor licensed by SECP to operate any platform for trading shares on the Pakistan Stock Exchange or international stock exchanges.

It said that trading in shares of listed companies and/or commodities is only allowed through SECP-licensed securities and futures brokers. A list of licensed brokers can be found at PSX and PMEX weblinks.

Copyright Mettis Link News

Related News

Name	Price/Vol	%Chg/NChg
KSE100	171,404.49 326.40M	-0.32% -556.16
ALLSHR	103,442.24 795.99M	-0.21% -217.04
KSE30	52,413.79 113.03M	-0.27% -143.72
KMI30	244,645.84 109.10M	-0.15% -378.05
KMIALLSHR	67,050.27 450.39M	-0.02% -14.08
BKTi	47,413.54 37.21M	-0.37% -176.81
OGTi	33,419.75 8.88M	-0.20% -67.52

Symbol	Bid/Ask	High/Low

Name	Last	High/Low	Chg/%Chg
BITCOIN FUTURES	87,985.00	89,510.00 85,135.00	3165.00 3.73%
BRENT CRUDE	60.52	60.65 59.40	0.70 1.17%
RICHARDS BAY COAL MONTHLY	91.00	0.00 0.00	2.30 2.59%
ROTTERDAM COAL MONTHLY	96.90	96.90 96.90	0.50 0.52%
USD RBD PALM OLEIN	1,016.00	1,016.00 1,016.00	0.00 0.00%
CRUDE OIL - WTI	56.55	56.72 55.61	0.55 0.98%
SUGAR #11 WORLD	14.85	14.87 14.45	0.37 2.56%