The Securities and Exchange Commission(SEC), a federal government agency, has blacklisted six online trading firms in its recent crackdown on unregistered and illegal businesses purporting to offer investment and financial services or products.
The Commission stressed that the banned companies are not registered. Therefore, they do not have the authority to perform such investment services.
It has also warned the public to exercise caution when dealing with embargoed companies. It further warned the public not to patronize any companies blocked by Italy’s securities regulator, Commissione Nazionale per le Soecieta’ e la Borsa.
According to the statement –
“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.
cc: Daily Post Ng
