[PONZI] SEC Seals Offices Of Stockmatch Over Illegal Investment Activities.

The Securities and Exchange Commission (SEC), on Tuesday, sealed the premises of Stockmatch Investments Ltd in Maiduguri, Borno State for allegedly engaging in illegal investment activities.

According to the commission, the office of the company in Wulari Plaza on Lagos Street Maiduguri, was shut down for allegedly carrying out investment operations that fall within the ambit of fund management without registration.

The Commission, therefore, advised the public to always confirm from the commission whether an entity providing investment services has been duly registered and whether the investment schemes are authorised by it.

It further encouraged the public to exercise due diligence and caution in making investment decisions, adding that list of valid operators can be obtained on its website.

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