Business
SEC shuts Stockmatch Investment Ltd over illegal activities
The Securities and Exchange Commission (SEC) has sealed the premises of Stockmatch Investments Limited in Maiduguri, the Borno capital, for allegedly engaging in illegal investment activities.
In a statement on Tuesday, the regulator said the move was part of its commitment to ensure that unregistered entities were not allowed to carry out capital market functions.
SEC said the office of the company in Wulari Plaza, Lagos street, Maiduguri, was shut down for carrying out investment operations that fell within the ambit of fund management without being registered by the commission
“This company does not have registration of the SEC to conduct fund management activities and has been found to promise exorbitant rates of returns to lure investors. The SEC has exercised its powers under Section 13 (w) Investments and Securities Act 2007, to shut it down,” the statement reads.
Bodex F. Hungbo, SPMIIM is a multiple award-winning Nigerian Digital Media Practitioner, Digital Strategist, PR consultant, Brand and Event Expert, Tv Presenter, Tier-A Blogger/Influencer, and a top cobbler in Nigeria.
She has widespread experiences across different professions and skills, which includes experiences in; Marketing, Media, Broadcasting, Brand and Event Management, Administration and Management with prior stints at MTN, NAPIMS-NNPC, GLOBAL FLEET OIL AND GAS, LTV, Silverbird and a host of others
