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Nigeria's SEC warns investment platforms to stop trading ‘unregistered' foreign securities
3 days ago - By Tech Crunch
In a circular released by Nigeria's capital market regulator SEC, investment platforms providing access to foreign securities might be treading on dangerous grounds. According to the SEC new regulations, 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 such services.
Over the past three years, Robinhood-esque platforms like Bamboo, Trove, Chaka and Rise have sprung forth in the Nigerian fintech space. They offer Nigerians access...
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