SEC blacklists 6 online trading platforms
SEC says the financial services offered by the platforms are not authorised.
The Securities and Exchange Commission is the main regulatory institution of the Nigerian capital market. (Punch)
Recommended articles
In a circular by the Commission on Monday in Abuja, SEC said the platforms were purporting to offer investment and finance services and products.
The circular said the platforms were not registered by the SEC, and the financial services offered by them were also not authorised.
The Commission in the circular listed the companies to include, Prime Invest and “Primeinv.co, FXBoxed, New Finance LLC and New Fx Limited, Axi24, Evolve Consulting LCC and Trust Fund- Mining Global Pty Limited.
ADVERTISEMENT
“’The Commission’s attention has been drawn to the under listed e-commerce companies and their websites offering online trading platforms to the investing public.
“Members of the public are advised to adopt the greatest diligence in making investment choices.
”In view of the above, the general public is hereby warned that any person dealing with the above mentioned e-commerce websites is doing so at his or her own risk,” the SEC said.
The SEC had earlier warned against patronising a set of firms blacklisted by Italy’s securities regulator, Commissione Nazionale per le Soecieta’ e la Borsa (CONSOB).
JOIN OUR PULSE COMMUNITY!
ADVERTISEMENT
Eyewitness? Submit your stories now via social or:
Email: eyewitness@pulse.ng
Recommended articles
Binance founder Changpeng Zhao has been sentenced to 4 months in prison
Natures Gentle Touch holds 13th natural hair workshop
How KYC issues led to recent CBN ban on Opay, Kuda, 2 other fintechs
Kaduna Govt, Google launch Hausa AI learning for tech education, empower women
Studio Monkey, 2 others launch initiative to support grassroots music
I can't afford a day's meal - Bayelsa, Edo residents decry high food prices
The Future of Finance: How Quantum computing is changing the game
Naija’s Finest Stars Meet Tech’s Latest Wonder: Infinix Note 40 Series
7 factors to consider before investing in a money market fund
ADVERTISEMENT
![Dollar and Naira [THISDAYLIVE]](data:image/svg+xml;charset=utf8,%3Csvg%20xmlns%3D'http%3A%2F%2Fwww.w3.org%2F2000%2Fsvg'%20width%3D'300'%20height%3D'172'%20data-ring-placeholder%3D'1'%3E%3C%2Fsvg%3E "Dollar and Naira [THISDAYLIVE]")