By Calista Oyeoba / Posted December 2, 2024
The Securities and Exchange Commission (SEC) has issued a warning to investors not to do business with Marino FX Limited.
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According to the SEC, Marino FX is not registered or licensed to operate in Nigeria’s capital market, including cryptocurrency exchanges, cautioning that any claims by the company of being registered or licensed by the SEC are false and misleading.
The commission further advises the public to exercise caution and avoid engaging with Marino FX or its representatives in related security transactions.
It warned that transacting business with unregistered and unregulated entities like Marino FX can expose investors to financial risks, including fraud and potential loss of investment.
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The SEC emphasized that it is committed to protecting investors and curbing scams and fraudulent activities in Nigeria’s capital market.