The Securities and Exchange Commission (SEC) has informed the investing public that it would continue to use its enforcement procedures, including coordination with other relevant government agencies and stakeholders, to combat Ponzi scheme activity.
This promise was provided by Mr. Dayo Obisan, Executive Commissioner Operations, Securities and Exchange Commission, on Wednesday at an Investor Education Programme for Federal Road Safety Corps workers in Abuja.
Represented by Director Market Development Department, Nestor Ikeagu, Obisan said the promoters of these unscrupulous schemes pose as operators in the capital market to defraud investors of their money with mouth-watering promises of return on investments.
