Home Business 6 Online Trading Platforms Placed on SEC Blacklist

6 Online Trading Platforms Placed on SEC Blacklist

Six internet trading platforms have been placed on the SEC’s “blacklist” as part of its most recent crackdown on unlicensed and unlawful businesses.

The platforms were allegedly offering financial and investment services and products, according to a circular issued by the Commission on Monday in Abuja.

According to the circular, the platforms were not registered with the SEC, and neither were the financial services they provided.

Axi24, Evolve Consulting LCC, Prime Invest, and “Primeinv.co,” FXBoxed, New Finance LLC and New Fx Limited, and Trust Fund-Mining Global Pty Limited were among the businesses identified by the Commission in the circular.

“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.

“Members of the public are advised to adopt the greatest diligence in making investment choices.

“Because of the above, the general public is hereby warned that any person dealing with the above-mentioned e-commerce websites is doing so at his or her own risk,” the SEC said.

Leave a comment

Leave a Reply

Your email address will not be published. Required fields are marked *

Related Articles

Brand TalkBusiness

Konga Guarantees Same Day Delivery for Mid-Year Shopping Festival

The second iteration of the eagerly anticipated Mid-Year Shopping Festival will feature...


AIT Chairman Raymond Dokpesi Dies in Abuja at 71

Founder of Daar Communications Plc, Raymond Dokpsesi has been reported dead. In...


Commercial Banks Given Greenlight for New NIMC “Multiple Purpose Card” that Functions as ATM and ID Card.

Nigerians can now own a single card (the Multipurpose Card), which serves...


Frustration Growing for Nigerian Manufacturers, as Interest Rates Soar.

The Central Bank of Nigeria (CBN) is already dealing with criticism from...