SEC Warns Public Against Investing In Silverkuun

SEC warns on ponzi schemes, calls for vigilance

The Securities and Exchange Commission (SEC) has renewed warning on the dangers of Ponzi schemes, highlighting their devastating impact on investor confidence, financial stability, and the Nigerian capital market. This was the central theme of a paper titled “Ponzi Schemes: Avoiding the Pitfalls of Illegality” presented by Head of the Enforcement Department of the SEC, Dr. Sa’ad Abdulsalam at the Capital Market Enlightenment Programme organized …

SEC Nigeria Cautions Investors On Ponzi Schemes — City Business News

Advertisements Again, the Securities and Exchange Commission (SEC) has sounded a renewed warning on the dangers of Ponzi schemes, highlighting their devastating impact on investor confidence, financial stability, and the Nigerian capital market.This was the central theme of a paper titled “Ponzi Schemes: Avoiding the Pitfalls of Illegality” presented by Head of the Enforcement Department of the SEC, Dr. Sa’ad Abdulsalam at the Capital Market Enl…

SEC warns on ponzi schemes, calls for vigilance to safeguard Investors, economy

The Securities and Exchange Commission (SEC) has sounded a renewed warning on the dangers of Ponzi schemes, highlighting their devastating impact on investor confidence, financial stability, Nigerian capital market, and the nation’s economy as whole. Speaking to the central theme of a paper titled “Ponzi Schemes: Avoiding the Pitfalls of Illegality” presented by Head of the Enforcement Department of the SEC, Dr. Sa’ad Abdulsalam at the Capital M…

The Superintendency of Banks issued a strong warning against the increase in advertisements and promotions by natural persons and unauthorized companies offering fast loans, high-yield investments or raising money from the public without the corresponding legal backing. According to Article 254 of the Organic Monetary and Financial Code (COMF), “no natural or legal person outside the national financial system can raise money from the public or e…

Nigeria: SEC warns public against Silverkuun investment

SEC advised the public to refrain from engaging with Silverkuun Investment Cooperative Society/Silverkuun Limited or its representatives in respect of any business in the Nigerian capital market

SEC Warns Public against Investing in Silverkuun Limited - Tech

The Securities and Exchange Commission (SEC) has issued a warning about the activities of Silverkuun Cooperative Society/Silverkuun Limited, describing it as an illegal market operator and unregistered investment adviser/fund manager. In a circular released on Wednesday, the SEC emphasised that Silverkuun is not authorised to operate in any capacity within the Nigerian Capital Market. “The Commission hereby informs the public that Silverkuun Inv…