• Privacy Policy
  • Terms
  • About us
  • Contact Us
  • Staff Email
Thursday, August 28, 2025
  • Login
TheMattersPress
  • Home
  • News
  • Features
  • Thematterspress
  • Multimedia
    • Audio
    • Photo
    • Video
  • About us
  • Contact Us
No Result
View All Result
  • Home
  • News
  • Features
  • Thematterspress
  • Multimedia
    • Audio
    • Photo
    • Video
  • About us
  • Contact Us
No Result
View All Result
TheMattersPress
No Result
View All Result
Home Economy/Technology

SEC shuts firm for engaging in illegal capital market activities

SEC

The Matters Press by The Matters Press
December 15, 2023
Reading Time: 1 min read
0
SEC frowns at resurgence of Ponzi schemes

Abuja, Dec. 15, 2023: The Securities and Exchange Commission (SEC), has sealed the office of Ready Finance Investors Limited for engaging in illegal investment and other capital market activities.

RELATED POSTS

‎TMSG welcomes halt in oil theft on pipelines taking crude to export terminals

‎Group dismisses Obasanjo’s labelling of Tinubu’s administration as inefficient

Tinubu succeeding where Obasanjo failed woefully, says TMSG

A statement issued by the Commission in Abuja, said the office located at AYA Memorial Plaza, Area 11, Garki, Abuja, was shut down for offering financial investment services suggestive of a covert ponzi scheme.

The Commission said the move was part of efforts to rid the market of fraudulent capital market operators and create a veritable opportunity for legitimate businesses to thrive.

It said the company enticed clients with promises of fixed returns on investment, contingent upon the specific package to which a client subscribed.

According to the Commission, Ready Finance Investors Limited is not
registered with SEC to conduct any activities in the capital market, rendering its operations and activities illegal.

The Commission advised the public against dealing with the company, saying that any person who does that was doing so at his/her own risk.

”The matter is currently under the purview of law enforcement agencies for criminal investigation and subsequent prosecution.

”Other efforts by the Commission to curb the operations of illegal capital market are the amendment of its Anti Money Laundering and Countering the Financing of Terrorism Financing (AML/CFT/CPF) Regulation 2022.

”This is in line with the findings from the National Residual Risk Assessment (NRRA) exercise among others,” the Commission said.

Tags: SEC
ShareTweetPin
The Matters Press

The Matters Press

Related Posts

Nigeria regains top crude oil production spot in Africa
Energy

‎TMSG welcomes halt in oil theft on pipelines taking crude to export terminals

August 28, 2025
Who is lying, Obasanjo or NAN?
News

‎Group dismisses Obasanjo’s labelling of Tinubu’s administration as inefficient

August 28, 2025
Obasanjo campaigns for AfCFTA
News

Tinubu succeeding where Obasanjo failed woefully, says TMSG

August 28, 2025
Tinubu explains mission as he marks second year in office
Economy/Technology

‎Tinubu in fresh ideas to grassroots-development using 8,809 wards initiative – TMSG ‎

August 9, 2025
Obi, PDP candidate advises Buhari to increase tempo
Economy/Technology

‎Obi’s One-Term Proposal, a gambit to grab power at all costs -Group ‎

August 7, 2025
Importers face delays, higher costs on Red Sea woes
Economy/Technology

National Single Window initiative, a major step for efficient cross-border trade – TMSG

August 4, 2025
Next Post
Cardoso approves CBN’s reviewed service charter

Inflation, exchange rates to decline in 2024 – CBN

NBS reports increase in Inflation

Inflation hits 28.2% in November – NBS

Recommended Stories

Commission plans to liberate 38% illiterate Nigerians

LCCI projects 2.5% growth for Nigeria in 2021

December 3, 2021
WTO postpones conference due to pandemic travel restrictions

WTO readies for 8th global review

April 20, 2022
Stable petrol supply excites Buhari

Nigeria imports 11.94 billion litres of petrol in first half 2023

February 21, 2024

Popular Stories

  • Rising prices of goods cause protests in Morocco

    Rising prices of goods cause protests in Morocco

    0 shares
    Share 0 Tweet 0
  • NLNG not responsible for gas supply shortfall, price hike

    0 shares
    Share 0 Tweet 0
  • NCC sets fresh operational fees, spectrum prices for telecom operators

    0 shares
    Share 0 Tweet 0
  • Hoarding causes hike in prices of grains

    0 shares
    Share 0 Tweet 0
  • Prices of Petrol, diesel increase in November

    0 shares
    Share 0 Tweet 0
TheMattersPress

We bring you the best news update in Nigeria

LEARN MORE »

Recent Posts

  • ‎TMSG welcomes halt in oil theft on pipelines taking crude to export terminals
  • ‎Group dismisses Obasanjo’s labelling of Tinubu’s administration as inefficient
  • Tinubu succeeding where Obasanjo failed woefully, says TMSG

Categories

  • Agriculture
  • Economy/Technology
  • Energy
  • Entertainment/sports
  • Features
  • Foreign
  • Multimedia
  • Natural Resources
  • News
  • Oil and Gas
  • Photo
  • Politics
  • Security
  • Thematterspress
  • Uncategorized
  • Video

© 2025 Domo Tech World - Powered by Thematterspress.

No Result
View All Result
  • Home
  • News
  • Features
  • Thematterspress
  • Multimedia
    • Audio
    • Photo
    • Video
  • About us
  • Contact Us

© 2025 Domo Tech World - Powered by Thematterspress.

Welcome Back!

Login to your account below

Forgotten Password?

Retrieve your password

Please enter your username or email address to reset your password.

Log In
Call Us