Welcome, Guest: Register On Nairaland / LOGIN! / Trending / Recent / NewStats: 3,205,003 members, 7,990,774 topics. Date: Friday, 01 November 2024 at 12:34 AM |
Nairaland Forum / Nairaland / General / Investment / SEC On Proliferation Of Unregistered Online Investment And Trading Platforms (22329 Views)
SEC Blacklists 6 Online Trading Platforms / Loom Money Nigeria: Crash Of Ponzi Scheme Imminent As SEC Warns Nigerians / SEC On Lockdown Over Attempt To Reinstate Suspended DG, Gwarzo (2) (3) (4)
(1) (2) (3) (4) (Reply) (Go Down)
SEC On Proliferation Of Unregistered Online Investment And Trading Platforms by lalasticlala(m): 8:35pm On Apr 08, 2021 |
SEC NIGERIA Proliferation of Unregistered Online Investment and Trading Platforms Facilitating Access to Trading in Securities Listed in Foreign Markets 08/04/2021. The attention of the Securities and Exchange Commission (the Commission) has been drawn to the existence of several providers of online investment and trading platforms which purportedly facilitate direct access of the investing public in the Federal Republic of Nigeria to securities of foreign Companies listed on Securities Exchanges registered in other jurisdictions. These platforms also claim to be operating in partnership with Capital Market operators (CMOs) registered with the Commission. The Commission categorically states that by the provisions of Sections 67-70 of the Investments and Securities Act (ISA), 2007 and Rules 414 & 415 of the SEC Rules and Regulations, only foreign securities listed on any Exchange registered in Nigeria may be issued, sold or offered for sale or subscription to the Nigerian public. Accordingly, CMOs who work in concert with the referenced online platforms are hereby notified of the Commission's position and advised to desist henceforth. The Commission enjoins the investing public to seek clarification as may be required via its established channels of communication on investment products advertised through conventional or online mediums. Signed Management studentofTruth: 24 Likes 2 Shares
|
Re: SEC On Proliferation Of Unregistered Online Investment And Trading Platforms by Ekejoestar(m): 8:36pm On Apr 08, 2021 |
This is something that should have been regulated or notice issued against them when they were still starting but they SEC didn't do the needful since and its now that they are issuing statements upandan.... I hope they get this situation under control. Btw....I heard there's a gift for those that made FTC....Pls oooo make una gimme my own 13 Likes |
Re: SEC On Proliferation Of Unregistered Online Investment And Trading Platforms by lkillbrokehoes: 8:37pm On Apr 08, 2021 |
Honestly anyone that still falls for pyramid schemes or any other money doubling investment should have him/herself to blame, the thing is that Nigerians are naturally gullible and greedy, they want to make quick money that's why they fall into this kind of scams and SEC isn't doing the right thing to curb these fraudsters. 27 Likes 1 Share |
Re: SEC On Proliferation Of Unregistered Online Investment And Trading Platforms by macroinvestment: 8:38pm On Apr 08, 2021 |
Make somebody explain...Some of us nor understand 5 Likes |
Re: SEC On Proliferation Of Unregistered Online Investment And Trading Platforms by The5DME(m): 8:38pm On Apr 08, 2021 |
lkillbrokehoes:no let me regret why I follow you ooh.... Comment reasonable things na 45 Likes 2 Shares |
Re: SEC On Proliferation Of Unregistered Online Investment And Trading Platforms by GreaterFuture3: 8:39pm On Apr 08, 2021 |
Hmmn... |
Re: SEC On Proliferation Of Unregistered Online Investment And Trading Platforms by sammyj: 8:39pm On Apr 08, 2021 |
Re: SEC On Proliferation Of Unregistered Online Investment And Trading Platforms by Nmezor(f): 8:39pm On Apr 08, 2021 |
Re: SEC On Proliferation Of Unregistered Online Investment And Trading Platforms by inoki247: 8:39pm On Apr 08, 2021 |
Dem Rasterli nd co 5 Likes 1 Share |
Re: SEC On Proliferation Of Unregistered Online Investment And Trading Platforms by The5DME(m): 8:39pm On Apr 08, 2021 |
I don't care. |
Re: SEC On Proliferation Of Unregistered Online Investment And Trading Platforms by cashlurd(m): 8:39pm On Apr 08, 2021 |
SEC should be bold enough to call their names! They should stop generalizing these issues. There is no information passed here. Just a normal memo m 59 Likes 4 Shares |
Re: SEC On Proliferation Of Unregistered Online Investment And Trading Platforms by Kingrefreshed: 8:40pm On Apr 08, 2021 |
lalasticlala: Next news Abeg! |
Re: SEC On Proliferation Of Unregistered Online Investment And Trading Platforms by 175(m): 8:40pm On Apr 08, 2021 |
Lol Make una remember tell SEC say APC get Zombie online trading platform too. . .and I guess it's unregistered. One APC state with enough zombies can easily trade them off to the nearest state in need of propaganda. Them full here. . . .NL. 1 Like |
Re: SEC On Proliferation Of Unregistered Online Investment And Trading Platforms by addexx: 8:41pm On Apr 08, 2021 |
Racksterlians won't like this. 7 Likes |
Re: SEC On Proliferation Of Unregistered Online Investment And Trading Platforms by JubrinElSudan: 8:42pm On Apr 08, 2021 |
No matter how good a trader is, once he starts collecting money from investors to trade and pay them percentage , he will really crash. We dey solve one matter like that for one WhatsApp group. All of a sudden Oga send investors sms say CBN ban on crypto-related bank transactions go affect payment for that month, na from one police case to another he dey enter from investors wey invest millions millions with am. If you Sabi trade forex, just trade on your own with your own money, if you make $10k , you know say na your money, no pressure whatsoever 74 Likes 8 Shares |
Re: SEC On Proliferation Of Unregistered Online Investment And Trading Platforms by Nobody: 8:42pm On Apr 08, 2021 |
Weytin I find come this thread sef |
Re: SEC On Proliferation Of Unregistered Online Investment And Trading Platforms by channelstravel: 8:43pm On Apr 08, 2021 |
Racksterli them |
Re: SEC On Proliferation Of Unregistered Online Investment And Trading Platforms by lkillbrokehoes: 8:43pm On Apr 08, 2021 |
The5DME:You better unfollow me if you don't like my comments, I'm here to have fun not forming Mr serious. 1 Like |
Re: SEC On Proliferation Of Unregistered Online Investment And Trading Platforms by PAWG(m): 8:44pm On Apr 08, 2021 |
Nigerians, we no dey ever learn 2 Likes |
Re: SEC On Proliferation Of Unregistered Online Investment And Trading Platforms by Vaughanlanrewaj: 8:45pm On Apr 08, 2021 |
From CBN now to SEC.FG and our agencies now seriously monitoring funds. These mobile apps for trading in foreign listed stocks were initiated by some brilliant Nigerian entrepreneurs but as time went by, they may have been hijacked by money launderers and those funding terrorists. Our regulators should please be proactive instead of being reactionary although it is better late than never. visit www freestuffsng.com for latest freestuffs in Nigeria. God bless Nigeria. 4 Likes 3 Shares |
Re: SEC On Proliferation Of Unregistered Online Investment And Trading Platforms by iamyemiakins(m): 8:45pm On Apr 08, 2021 |
Investments everywhere |
Re: SEC On Proliferation Of Unregistered Online Investment And Trading Platforms by Mokason288(m): 8:46pm On Apr 08, 2021 |
PAWG:Why are they just warning us now So many Nigerians have already lost millions I’m suspecting a foul play from SEC 2 Likes 1 Share |
Re: SEC On Proliferation Of Unregistered Online Investment And Trading Platforms by corperscorner: 8:47pm On Apr 08, 2021 |
RACKSTERLI 1 Like 1 Share |
Re: SEC On Proliferation Of Unregistered Online Investment And Trading Platforms by Alejoas(m): 8:47pm On Apr 08, 2021 |
Soft work |
Re: SEC On Proliferation Of Unregistered Online Investment And Trading Platforms by Administration1: 8:48pm On Apr 08, 2021 |
Any one that still falls a victim to these greedy mofos is nothing butta fool. Fromm mmm, to twinkas to blue key to mba forex to etc add your own. A man in the cac office has even started another one, he just registered his company with 4 persons he paid 10k each to. Like he intends to rob people of thier hard earned money, and when it backfires, the company directors will be held responsible while he goes scot free. 3 Likes 1 Share |
Re: SEC On Proliferation Of Unregistered Online Investment And Trading Platforms by Nobody: 8:48pm On Apr 08, 2021 |
This is a symptom of the wider unemployment issue in Nigeria under this clueless administration. People are literally trying to survive on their own. What do they expect? 9 Likes 2 Shares |
Re: SEC On Proliferation Of Unregistered Online Investment And Trading Platforms by chrisxxx(m): 8:48pm On Apr 08, 2021 |
I wish I listened when they warned against MBA. 15 Likes |
Re: SEC On Proliferation Of Unregistered Online Investment And Trading Platforms by unitysheart(m): 8:48pm On Apr 08, 2021 |
Long overdue. |
Re: SEC On Proliferation Of Unregistered Online Investment And Trading Platforms by Keyin: 8:48pm On Apr 08, 2021 |
SEC is not proactive in their financial regulations. I lost millions of naira when they closed down Tine Investment without ensuring that investors get at least their initial capital back. 3 Likes |
Chaka Receives SEC License For Stock Trading In Nigeria / Mixed Feelings As MMM Resumes Operations / DAAR Communications Shares
(Go Up)
Sections: politics (1) business autos (1) jobs (1) career education (1) romance computers phones travel sports fashion health religion celebs tv-movies music-radio literature webmasters programming techmarket Links: (1) (2) (3) (4) (5) (6) (7) (8) (9) (10) Nairaland - Copyright © 2005 - 2024 Oluwaseun Osewa. All rights reserved. See How To Advertise. 28 |