.png)
.png)
1 day ago
7
- SEC has sent a informing to Nigerians astir TOFRO.COM, an unlicensed level luring investors with fake promises
- The committee said the level claims to beryllium a cryptocurrency concern platform, but noted that it is simply a Ponzi scheme
- SEC has urged Nigerians to verify concern platforms earlier jumping into them to debar costly scams
Legit.ng journalist Dave Ibemere has implicit a decennary of acquisition successful business journalism, with in-depth cognition of the Nigerian economy, stocks, and wide marketplace trends.
The Securities and Exchange Commission (SEC) has issued a informing to the Nigerian nationalist regarding the operations of Silverkuun Investment Cooperative Society and Silverkuun Limited.
In a nationalist alert connected Thursday, 29 May, the SEC identified Silverkuun arsenic an amerciable relation successful the Nigeria's capital market.
Source: Getty Images
SEC warns Nigerian
In an authoritative alert titled "Illegal Operator Alert!", the Commission said its attraction had been drawn to the activities of the 2 entities, which person been presenting themselves arsenic licensed concern advisers and money managers.
The connection reads:
"The attraction of the Securities and Exchange Commission ("the Commission") has been drawn to the activities of Silverkuun Investment Cooperative Society/Silverkuun Limited which holds itself retired arsenic an Investment Adviser/Fund Manager. "The Commission hereby informs the nationalist that Silverkuun Investment Cooperative Society/Silverkuun Limited is not registered to run successful immoderate capableness successful the Nigerian Capital Market. "Accordingly, the nationalist is advised to refrain from engaging with Silverkuun Investment Cooperative Society/Silverkuun Limited oregon its representatives successful respect of immoderate concern successful the Nigerian superior market."
Source: UGC
The regulatory body further warned that dealing with unregistered and unregulated concern platforms poses important fiscal risks, including the anticipation of fraud and full nonaccomplishment of funds.
It stated:
“The Commission uses this mean to reiterate that transacting successful the Nigerian Capital Market with unregistered and unregulated entities exposes investors to fiscal hazard including fraud and imaginable nonaccomplishment of investment. |The investing nationalist is truthful reminded to verify the presumption of companies and entities offering concern opportunities connected the Commission's dedicated portal -www.sec.gov.ng/cmos earlier transacting with them. "SEC warns Nigerians astir TOFRO.COM
SEC has besides warned Nigerians against investing TOFRO.COM operated by ToFro Exchange Global Professional Station.
The committee said that TOFRO, besides known arsenic Tofro, claims to beryllium a cryptocurrency trading tract but is not licensed to run wrong the Nigerian superior marketplace oregon solicit funds from the public.
The SEC cautioned Nigerians against dealing with the platform, informing that those who put with TOFRO bash truthful astatine their ain risk.
CBEX: SEC releases 30 signs to place scam investments
Earlier, Legit.ng reported that the Securities and Exchange Commission has released a database of 30 reddish flags to assistance Nigerians place and avoid scam concern schemes
The improvement follows the determination by the CBEX Ponzi strategy scam, which near galore Nigerians counting their losses.
SEC noted that fraudsters often lure unsuspecting victims with promises of instant wealth, high-pressure income tactics, and requests for upfront payments via acquisition cards or
The committee has urged Nigerians to verify immoderate concern connection done its website and different authoritative channels
PAY ATTENTION: Сheck retired quality that is picked exactly for YOU ➡️ find the “Recommended for you” artifact connected the location leafage and enjoy!
Source: Legit.ng
