The Securities and Exchange Commission (SEC) has once again, bemoaned the proliferation of fraudulent investment outfits in the capital market, urging investors to desist from patronising of such illegal operators.
he Director-General of SEC, Lamido Yuguda, while speaking at the second post-Capital Market Committee (CMC) virtual media briefing held at the weekend, urged Nigerians to stay away from fake financial experts who promise to double their money within a short time.
He said the commission would intensify efforts to clamp down on promoters of these illegal investment outfits in the capital market, in addition to its commitment to zero tolerance for infractions.
According to him, the commission has adopted multi-level engagements with media platforms and regulators of publicity agencies to curb the activities of these illegal operators.
“While we continue our activities to resolve the complaints…