Nigerian Securities and Exchange Commission has warned investors to desist from dealing with four blacklisted Italian e-commerce companies. The commission gave the warning in a statement on the regulator’s website and obtained by The PUNCH. SEC said the firms had been blacklisted by the Italian Securities Commission for fraudulent trading activities. The four Italian firms include etris Group Limited, Broker Capitals Limited, MTinvesting, and NBIMarkets. “The report noted that online financial services providers leverage the complexity of their operations and limited understanding of most prospective investors to conceal details of their activities, thus, plunging most investors into taking uninformed decisions.

Source: Punch December 23, 2022 09:24 UTC