The Securities and Exchange Commission (SEC) has issued a public warning against engaging in investment-related transactions with Risevest Technologies Limited, a company claiming to operate as a Digital Dollar/Fund Manager in the Nigerian Capital Market.
In a statement released on Tuesday, the SEC clarified that Risevest Technologies is not registered to operate in any capacity within the Nigerian Capital Market.
The Commission urged Nigerians to exercise caution and avoid dealings with the company or its representatives to prevent potential financial risks.
This alert underscores the SEC’s commitment to protecting investors and maintaining the integrity of the capital market.
“Accordingly, the public is advised to refrain from engaging with Risevest Technologies Limited or any of its representatives in respect of any business pertaining or relating to the Nigerian capital market.”
The commission also urged Nigerians not to transact in the Nigerian capital market with unregistered and unregulated entities exposing investors to the risk of fraud and potential loss of investment.
“The investing public is therefore reminded about the need to confirm the status of companies and entities offering investment opportunities on the Commission’s dedicated portal- www.sec.gov.ng/cmos, before transacting with them,” SEC added.