Securities and Exchange Commission (SEC) has blacklisted six e-commerce companies for operating without registration and for offering unauthorised financial services.
In a publication on its website, SEC warned the investing public against dealing with the companies.
It stated, “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. They are not registered by the SEC Nigeria, and the financial services offered by them are also not authorised.”
Here are the unregulated online trading platforms as listed by SEC
- Prime Invest and “Primeinv.co (Websites: http://primeinv.co and https://webtrader.pinvest.cc);
- FXBoxed (Websites: www.fxboxed.com and https://account.fxboxed.com);
- New Finance LLC and New Fx Limited (Website: www.newfx.us);
- Axi24 (Websites: www.axi24.com and https://platform2.axi24.com);
- Evolve Consulting LCC (Website: https//capitalbiz.ltd and https:webtrader.c-base.co);
- Trust Fund- Mining Global Pty Ltd (Website: www.trustfund-mining.com);
The commission advised members of the public to adopt “the greatest” diligence in making investment choices.
It said, “In view 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/her own risk.”
Ifunanya Ikueze is an Engineer, Safety Professional, Writer, Investor, Entrepreneur and Educator.
