The Securities and Exchange Commission of Pakistan (SECP) has cautioned citizens about an illegal investment and deposit-taking scheme being promoted by the 4D Group of Companies and its owner, Muhammad Asif, through social media platforms.
In a public alert issued on Friday, the SECP said the group has been enticing people with promises of monthly returns ranging between 8 and 12 percent. The regulator clarified that 4D Group of Companies is neither incorporated nor registered under the Companies Act, 2017, and is not authorized to raise deposits or launch investment products.
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“The activities of 4D Group of Companies are unlawful and carry a serious risk of financial loss for unsuspecting investors,” the SECP stated, urging the public to avoid engaging with the scheme or any other unregistered platform.
The commission confirmed that the matter has been referred to relevant investigative authorities for action against those responsible. It also reminded the public that a company’s certificate of incorporation only indicates its registration, and does not allow it to collect deposits or run investment schemes.
The SECP encouraged citizens to verify investment opportunities through official channels and report suspicious schemes via its Complaint Management System (https://xs.secp.gov.pk), scams@secp.gov.pk, or the toll-free helpline 0800-88008.
