Nigeria’s Securities and Exchange Commission (SEC) has warned the public against investing in Pro-vest by unregistered investment schemes.
In a statement yesterday, the commission said its attention had been drawn to the activities of these entities, which falsely present themselves as investment advisers and fund managers in the Nigerian capital market adding that the schemes are illegal entities.
SEC advised the public to avoid dealing with these entities or their representatives, emphasising that transacting with unregulated firms exposes investors to fraud and potential financial losses.
