SEC proposes N20m fine, jail terms for Ponzi scheme operators

Tribune OnlineSEC proposes N20m fine, jail terms for Ponzi scheme operatorsIn a bid to ensure that illegal fund managers are not allowed to fleece unsuspecting Nigerians of their hard-earned funds, the Securities and Exchange Commission is introducing an express prohibition of Ponzi/Pyramid schemes and other illegal investment schemes. These and other provisions are contained in the Investments and Securities Bill (ISB) 2024, currently before the [...]SEC proposes N20m fine, jail terms for Ponzi scheme operatorsTribune Online

Read More