Syed Saif Ul Hassan 
Nov 22, 2025
An undated image. — iStock
Despite Pakistan's recent crackdown on illegal betting apps, similar platforms have been found operating illicitly by the Securities and Exchange Commission of Pakistan (SECP).
The securities regulator warned that unauthorised individuals and groups are promoting illegal investment and trading platforms via social media and WhatsApp groups.
These entities are using the names of licensed securities brokers and the images of celebrities and influencers to mislead and manipulate the public, the warning said.
One such application identified by the SECP is “TSLWEA/TSL WEALTH,” which falsely claims to be associated with the licensed broker Topline Securities Limited. In the same manner, a WhatsApp group named “A103-Topline Stock Strategies Hub” has also been spotted, linking to this application and an AI-based trading system.
The SECP clarified that “TSLWEA/TSL WEALTH” is not licensed or authorised to operate any investment or trading platform for the Pakistan Stock Exchange Limited (PSX) or any other regulated market.
AI-generated advertisements on social media are using celebrity images to attract individuals into joining these fraudulent groups, the Commission noted.
To avoid being targeted and ensure safe trading, the SECP advised the public to engage only with SECP-licensed securities and futures brokers, with a list available on the official PSX and PMEX websites.
The regulatory body also urged investors to be cautious, verify the legitimacy of any investment service, and refrain from investing through the “TSLWEA/TSL WEALTH” or any similar illegal platforms.
