Before investing in investment funds, Nigerians should conduct due diligence on them using the Securities and Exchange Commission's (SEC) capital market operators portal on its website.

During a webinar on Friday, SEC Director-General Mr Lamido Yuguda told journalists that in order to effectively combat Ponzi scheme fraud, investors must conduct their own research.

The commission's website, he claims, offers a list of registered and reputable operators.

“Ponzi schemes are certainly a major challenge for our economy,” Yuguda remarked. It is so frequent that many of our citizens have lost a significant amount of money as a result of these schemes.

The commission has taken a number of steps, including publishing a list of authorized capital market operators on our website, which any interested investor can check to see if the fund they want to invest in is properly registered.

https://editorialtimes.com/business/sec-recommends-nigerians-to-conduct-due-diligence-before-investing-in-any-funds/

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