{"id":82405,"date":"2021-12-20T15:26:14","date_gmt":"2021-12-20T10:26:14","guid":{"rendered":"https:\/\/www.zameen.com\/news\/?p=82405"},"modified":"2021-12-20T15:26:19","modified_gmt":"2021-12-20T10:26:19","slug":"secp-warns-against-real-estate-fractionalisation-schemes","status":"publish","type":"post","link":"https:\/\/www.zameen.com\/news\/secp-warns-against-real-estate-fractionalisation-schemes.html","title":{"rendered":"SECP warns against investing in \u2018real estate fractionalisation\u2019 schemes"},"content":{"rendered":"\n<p>Islamabad: The Securities and Exchange Commission of Pakistan (SECP) on Friday cautioned the public against investing in any fraudulent investment schemes publicized certain companies via their online platforms, according to news sources.<\/p>\n\n\n\n<p><strong>Read:<\/strong> <a href=\"https:\/\/www.zameen.com\/news\/secp-nbfcs-loans-government-schemes.html\" target=\"_blank\" rel=\"noreferrer noopener\">SECP allows NBFCs to extend loans under government schemes<\/a><\/p>\n\n\n\n<p>Reportedly, the commission issued the warning after it found out that several listed companies were using their websites and online platforms to sell fractions of real estate assets to people, which is illegal. These firms aren\u2019t approved by the SECP to perform these activities under the commission\u2019s sandbox regulatory regime.<\/p>\n\n\n\n<p><strong>Read:<\/strong> <a href=\"https:\/\/www.zameen.com\/news\/secp-warns-against-investment-in-ponzi-schemes.html\" target=\"_blank\" rel=\"noreferrer noopener\">SECP warns against investing in online ponzi schemes<\/a><\/p>\n\n\n\n<p>It was also stated that under Section 87(2) of the Securities Act, 2015, no individual was permitted to sell securities to the masses without SECP\u2019s approval. The authority has already launched legal action against the reported entities for executing unlawful businesses.<\/p>\n\n\n\n<p>The SECP has also issued an official statement to warn public:<\/p>\n\n\n\n<p>\u2018The general public, in their best interest, is advised to refrain from investing their hard-earned money into any unauthorized schemes\u2019<\/p>\n","protected":false},"excerpt":{"rendered":"<p>Islamabad: The Securities and Exchange Commission of Pakistan (SECP) on Friday cautioned the public against investing in any fraudulent investment schemes publicized certain companies via their online platforms, according to news sources. Read: SECP allows NBFCs to extend loans under government schemes Reportedly, the commission issued the warning after it found out that several listed companies were using their websites and online platforms to sell fractions of real estate assets to people, which is illegal. These firms aren\u2019t approved by the SECP to perform these activities under the commission\u2019s sandbox regulatory regime. Read: SECP warns against investing in online ponzi schemes It was also stated that under Section 87(2) of the Securities Act, 2015, no individual was permitted to sell securities to the masses without SECP\u2019s approval. The authority has already launched legal action against the reported entities for executing unlawful businesses. The SECP has also issued an official statement to warn public: \u2018The general public, in their best interest, is advised to refrain from investing their hard-earned money into any unauthorized schemes\u2019<\/p>\n","protected":false},"author":75,"featured_media":75882,"comment_status":"open","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"_acf_changed":false,"footnotes":""},"categories":[15016,15017],"tags":[50111,26299],"persona":[],"class_list":{"0":"post-82405","1":"post","2":"type-post","3":"status-publish","4":"format-standard","5":"has-post-thumbnail","7":"category-new-developments","8":"category-notices-announcements","9":"tag-secp-warns-against-investing-in-real-estate-fractionalisation-schemes","10":"tag-securities-and-exchange-commission-of-pakistan-secp","11":"cat-15016-id","12":"cat-15017-id"},"acf":[],"yoast_head":"<!-- This site is optimized with the Yoast SEO plugin v27.2 - https:\/\/yoast.com\/product\/yoast-seo-wordpress\/ -->\n<title>SECP warns against \u2018real estate fractionalisation\u2019 schemes - Zameen News<\/title>\n<meta name=\"description\" content=\"Islamabad: The Securities and Exchange Commission of Pakistan (SECP) on Friday cautioned the public against investing in any fraudulent investment schemes\" \/>\n<meta name=\"robots\" content=\"index, follow, max-snippet:-1, max-image-preview:large, max-video-preview:-1\" \/>\n<link rel=\"canonical\" href=\"https:\/\/www.zameen.com\/news\/secp-warns-against-real-estate-fractionalisation-schemes.html\" \/>\n<meta property=\"og:locale\" content=\"en_US\" \/>\n<meta property=\"og:type\" content=\"article\" \/>\n<meta property=\"og:title\" content=\"SECP warns against \u2018real estate fractionalisation\u2019 schemes - Zameen News\" \/>\n<meta property=\"og:description\" content=\"Islamabad: The Securities and Exchange Commission of Pakistan (SECP) on Friday cautioned the public against investing in any fraudulent investment schemes\" \/>\n<meta property=\"og:url\" content=\"https:\/\/www.zameen.com\/news\/secp-warns-against-real-estate-fractionalisation-schemes.html\" \/>\n<meta property=\"og:site_name\" content=\"Pakistan Real Estate News &amp; 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