Nigeria's SEC Warns Investment Platforms to Stop Trading 'Unregistered' Foreign Securities

In a circular released by Nigeria's capital market regulator SEC today, investment platforms providing access to foreign securities might be treading on dangerous grounds.

According to the SEC regulations that have just been brought to light, these platforms are trading foreign securities not registered in the country and have been warned to stop doing so. Capital market operators in partnership with them have also been warned to renege on providing brokerage services for foreign securities.

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