US EditionB.C. regulator cancels licence of mortgage broker who allegedly ran Ponzi scheme, fled Canada
- President Bola Tinubu has signed the Investments and Securities Act 2024, enhancing investor protection and market integrity in Nigeria's capital market.
- The Act prohibits Ponzi schemes and imposes jail terms for their promoters, aligning Nigeria's regulatory framework with global standards.
- The SEC aims for a smooth transition from the outdated ISA 2007 to the new legal framework established by the Investments and Securities Act 2024.
- Market analysts believe that the new law will attract investment and facilitate economic growth by providing clarity to investors.
17 Articles
17 Articles
B.C. regulator cancels licence of mortgage broker who allegedly ran Ponzi scheme, fled Canada
Former B.C. mortgage broker Gregory Martel – who authorities say ran a Ponzi scheme that raised hundreds of millions of dollars from unsuspecting investors, then fled Canada as the scheme began to unravel – has had his licence to practise in the province permanently cancelled.
Premium Times Nigeria
NewsdiaryonlineTinubu signs Investments, Securities Act 2025 into law
The enactment of the ISA 2024 reaffirms the authority of the SEC as the highest regulatory authority of the Nigerian Capital Market. The post Tinubu signs Investments, Securities Act 2025 into law appeared first on Premium Times Nigeria.
Tinubu signs Investments, Securities Act 2024, prescribes jail term for Ponzi scheme promoters
President Bola Ahmed Tinubu has signed into law the Investments and Securities Act (ISA) 2024, which repealed the Investments and Securities Act No. 29 of 2007. The Securities and Exchange Commission, SEC, disclosed this in a statement on Saturday. The enactment of the ISA 2024 reaffirms the authority of the SEC as the apex regulatory authority of the Nigerian capital market. SEC explained that the landmark legislation would strengthen the legal…
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