Friday, March 5African Business News
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Tag: flip cash investment

SEC urges Nigerians to shun unregistered investment outfits

SEC urges Nigerians to shun unregistered investment outfits

Capital Market
Again, the Securities and Exchange Commission (SEC) has warned Nigerians against patronising fund managers that are not registered with the commission. According to the SEC, the commission had, in recent times observed the proliferation of the operation of unlawful/unlicensed investment schemes, with promises of huge, but unjustifiable returns on investment “These activities are perpetrated by suspected promoters of Ponzi and other fraudulent schemes under the following identities: Loom Nigeria Money, Box Value Trading Company Ltd, Now-Now Alert, Flip Cash Investment, Result Investment Nigeria Limited, Helping Hand and Investment and No Failure Development and Empowerment Nig. Ltd. Others are MBA Forex and Investment Ltd, Federate Investors Trading Company, Jamalife Helpers G...