Aggregated News From Investment Management Regulators

PUBLIC NOTICE! Activities of illegal Operators

Report/Flag

Please complete the required fields.



The general public is hereby once again advised to beware of illegal operators and promoters of ponzi and other fraudulent schemes. Furthermore, the general public is advised to exercise utmost caution and conduct adequate due diligence, e.g. seeking professional advice and checking the Commission’s website to confirm the registration status of company/individuals marketing any products to them before taking a decision to invest.

Please be further advised that while the Commission is under a duty to protect investors, a duty which it has continued to discharge, such duty does not include recovering funds for investors who against reason and public notices such as this, invest in products promoted by unregistered/unregulated entities. At best, the Commission will work with law enforcement agencies to bring promoters of such schemes to book and no more.

Section 38(1) of the Investments and Securities Act, 2007 requires any person who intends to operate as a professional in the capital market or carry on securities business to be registered by the Commission before engaging in such activities. It is therefore illegal to carry on any kind of capital market business without registration or to patronize such  person.

In view of the above, the general public is hereby WARNED that any person dealing with any such persons in any capital market/investment related business is doing so at his/her own risk.

SIGNED

MANAGEMENT

Source link

Regulator Information

Abbreviation: SEC NG
Jurisdiction: Nigeria

Recent Articles

FCA publishes Decision Notices against three bond traders for market manipulation

The FCA has published Decision Notices given to Diego Urra, Jorge Lopez Gonzalez and Poojan Sheth, three bond traders, for market abuse. The FCA has...

Guidelines On policies and procedures in relation to compliance management

You have the option below to allow a unique web analytics cookie to be stored on your browser, enabling the operator of the website to collect and analyse various types of statistical data.

Release Order – IFL Promoters Ltd., Anjana Gupta and Kishan Gupta in the matter of IFL Promoters Ltd. : Certificate No. 5003 of 2022.

This news item was originally published by the Securities and Exchange Board of India (SEBI IN). See the article here: Read more

Get the latest from Regulatory.News in your inbox!

×