The Securities and Exchange Commission (SEC) has warned the public against investing in unregistered schemes, specifically naming Silverkuun Investment Cooperative Society/Silverkuun Limited. 

In a circular issued yesterday, the Commission stated that Silverkuun is not registered to operate in Nigeria’s capital market.

The SEC urged the public to verify the registration status of investment firms on its official portal before engaging with them, and cautioned that dealing with unregistered entities exposes investors to financial risks, including fraud and loss. 

The Director-General of SEC, Dr Emomotimi Agama had recently warned that the Commission would not hesitate to shut down the operations of any unregistered entity.

Agama had also said that the promoters would be made to face the full weight of the law.

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