SEC Blacklists Six Illegal Online Trading Platforms, Warns Public

Posted by Thandiubani on Tue 02nd May, 2023 - tori.ng

The Commission warned the members of the public to be cautious in dealing with the embargoed firms.

 
Nigerians have been warned about six unregistered and illegal online trading companies pretending to offer investment and finance services or products.
 
The Securities and Exchange Commission, a federal government agency, raised the alarm to warn the public after blacklisting the trading companies. 
 
The Commission in a statement on Monday stressed that the proscribed firms were unregistered and not unauthorised to carry out such investment services.
 
The Commission warned the members of the public to be cautious in dealing with the embargoed firms.
 
The Commission had warned the public against patronising a set of firms blocked by Italy’s securities regulator, Commissione Nazionale per le Soecieta’ e la Borsa.

“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. The SEC Nigeria does not register them, and their financial services are also not authorised.

“The blacklisted firms: Prime Invest and “Primeinv.co, FXBoxed, New Finance LLC and New Fx Limited, Axi24, Evolve Consulting LCC and Trust Fund Mining Global Pty Limited,” the statement partly reads.
 
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