The Securities and Exchange Commission (SEC) has issued a warning about the activities of Silverkuun Cooperative Society/Silverkuun Limited, describing it as an illegal market operator and unregistered investment adviser/fund manager.
In a circular released on Wednesday, the SEC emphasised that Silverkuun is not authorised to operate in any capacity within the Nigerian Capital Market.
“The Commission hereby informs the public that Silverkuun Investment Cooperative Society/Silverkuun Limited is NOT REGISTERED to operate in any capacity in the Nigerian Capital Market.”
The SEC urged Nigerians to avoid doing business with Silverkuun or any of its representatives, warning that transactions with unregistered and unregulated entities pose financial risks and potential loss of investment.
It also urged the public to verify the status of companies and entities offering investment opportunities via the Commission’s website before transacting with them.
This warning is part of the SEC’s efforts to educate and protect investors from financial fraud and Ponzi schemes, which have been on the rise, reinforcing its commitment to safeguarding and fostering transparency in the capital market.
