Pakistan Stock Exchange has warned public of scam through unsolicited investment advice from illegal social media groups and forums.

In a statement, it said some illegal social media groups and forums are using AI technology and conventional methods to entice the public.

The scammers misuse the name of the registered professionals to lure the public for unauthorized investment schemes.

According to the statement, trading in shares of listed companies should only be conducted through SECP-licensed securities brokers.