SECP Exposes TSLWEA/TSL WEALTH as Massive Impersonation Scam

ISLAMABAD: The SECP has sounded a red alert against fraudulent gangs hijacking names of licensed brokerage houses and deepfake celebrity images to push illegal online trading scams. The regulator exposed a fake mobile/web app called “TSLWEA/TSL WEALTH” and a WhatsApp group “A103-Topline Stock Strategies Hub” that are impersonating Topline Securities Limited and falsely claiming ties to AI trading systems and the Pakistan Stock Exchange. SECP confirmed TSLWEA/TSL WEALTH holds zero licence or authorisation to operate any investment or trading service in regulated markets. It also warned of a surge in AI-generated ads on social media using deepfake photos of celebrities, finfluencers, and brokerage executives to lure victims into illegal WhatsApp investment groups. The Commission urged the public to trade only through PSX/PMEX-licensed brokers, verify every platform, and never deposit money into TSLWEA or any unregulated scheme. SECP has already reported the scam to Google, PTA, and law enforcement for immediate takedown and action.