LOCAL AFRICAN REALITY

LOCAL AFRICAN REALITY

Breaking

Securities and Exchange Commission warns Nigerians against Ponzi schemes

The Securities and Exchange Commission on Sunday warned Nigerians to desist from investing their money in investment schemes being operated by persons or organisations that were not registered to carry out fund management functions.



The acting Director General of SEC, Ms Mary Uduk, gave the warning in a statement made available to our correspondent in Abuja on Sunday. She spoke in response to reports of various unregistered schemes luring unsuspecting Nigerians with tempting returns.

Urging investors to be wary of any investment proposing a return level that was unreasonably high, Uduk advised members of the public to always ascertain whether such fund manager and the products being offered were registered with the SEC.




Uduk said that the capital market was properly positioned to provide benefits to Nigerians.
According to her, SEC has been doing a lot in terms of investor education to assist people understand issues surrounding the capital market. (Punch)

No comments:

Disclaimer
Most News articles reported on LOCAL AFRICAN REALITY are a reflection of what is published in the media. LOCAL AFRICAN REALITY is not in a position to verify the accuracy of daily news articles, however, we ensure that only news articles from credible sources are reflected in this service. Independent opinions which are mailed to us may also be published from time to time at our discretion, however the sources for these independent articles will be clearly stated.


Share your story with us: SMS: +23409067561649, Whatsapp: +2349067561649, Email: localafricanreality@gmail.com or qubesentertainmentmagazine@yahoo.com
Receive Alerts on: Whatsapp: +2349067561649, Twitter: @localafricanr