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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.

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