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The Securities and Exchange Commission on Wednesday warned the Nigerians not to invest in an investment scheme that was not registered, including the Silverkuun Investment Cooperative community.
In a circular issued in Abuja, SEC said the scheme was not registered to operate in any capacity in the state capital market.
The commission said his attention had been withdrawn to the activities of the entity disguised as investment advisers and fund managers.
The Circular Reading: “The attention of the Securities and Exchange Commission has been interested in the Silverkuun Investment Cooperative Society/Silverkuun Limited activities, which are considered as investment advisers/funds managers.
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“The commission hereby informs the public that Silverkuun Investment Cooperative Society/Silverkuun Limited is not registered to operate in any capacity in the Nigerian capital market.
SEC advised the Nigerians to refrain from being involved with Silverkuun Investment Cooperative Society/Silverkuun Limited or its representatives in any business in the capital market.
“The commission uses this media to reiterate that transactions in the Nigerian capital market with unregistered and unregulated entities reveal investors against financial risks, including fraud and potential investment loss.
“Therefore, investment communities are reminded to verify the status of companies and entities that offer investment opportunities in the special portal of the commission www.sec.gov.ng/cmos, before transacting with them,” added the circular.
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