The Securities and Exchange Commission of Pakistan (SECP) has issued an official warning to investors about the illegal trading platform, Interactive Brokers Group (IBKR). According to the SECP, IBKR is not registered with the commission and has been operating without proper authorization in Pakistan’s financial markets.
In a statement released today, the SECP highlighted the risks associated with using unregulated platforms like IBKR, advising the public to avoid engaging with the platform for trading or investment purposes. The commission stressed that such platforms can expose users to significant financial losses due to the lack of oversight and regulatory protections.
The SECP urged investors to conduct due diligence and only engage with registered and authorized entities in Pakistan’s securities market. The warning comes as part of the commission’s ongoing efforts to safeguard investors and ensure the integrity of the financial markets in the country.
