studentofTruth:
It's a pity that some people think that the NSEC is addressing Ponzi scheme platforms with this statement.

Actually, in this statement, NSEC is attacking the likes of Trove, Bamboo, and Chaka, which are platforms one can use to invest in foreign stocks from Nigeria.

It seems these big boys that have rendered the NSE a pump and dump exchange are pressuring NSEC to prevent Nigerians from investing in foreign stocks so that they will have no option than to bring their money to the NSE, offering them more money for their schemes. They have noticed that Nigerians are leaving their fraud-laden NSE for them.

You see why I need to leave this country that is always trying to cage us.

lkillbrokehoes:
Nice one from sec

lalasticlala:
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

The5DME:
no let me regret why I follow you ooh.... Comment reasonable things na

PAWG:
Nigerians, we no dey ever learn