By John Lee.
The Iraqi Securities Commission (ISC) has renewed its warning to the public against dealing with unlicensed companies falsely claiming links to the Iraq Stock Exchange or other official entities.
The commission said such groups are contacting individuals via phone calls and social media platforms with the aim of financial fraud.
It confirmed that it does not operate any unofficial communication channels, including WhatsApp, and that all engagement with the public is conducted exclusively through authorised official channels.
The commission urged citizens to take the following precautions:
- Avoid transferring money or sharing personal or banking details with any unofficial entity
- Verify licensed companies through the commission's official website
- Report suspected fraud cases through official channels
It warned that dealing with unlicensed entities may expose individuals to significant legal and financial risks, and said it will continue awareness efforts to protect investors.
(Source: ISC)
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