The Iraqi Securities Commission has warned people again about scams involving fake investment companies.
According to the commission, some unlicensed groups are pretending to be connected to the Iraq Stock Exchange or other official institutions. They are contacting people through phone calls and social media to trick them into sending money.
The commission made it clear that it does not use unofficial platforms like WhatsApp to communicate with the public. All official communication happens only through verified and authorized channels.
To stay safe, the commission advised people to:
- Never send money or share personal or banking details with unknown or unofficial sources
- Always check if a company is licensed through the official website
- Report any suspicious activity to the proper authorities
Officials stressed that dealing with these fake companies can lead to serious financial losses and even legal trouble.
In short, if something feels suspicious or too good to be true, it’s better to double-check before taking any action.
