By Cynthia Ezekwe
The Nigeria’s Securities and Exchange Commission (SEC) has called on Nigerians to steer clear of four Italian e-Commerce platforms, notable for fraudulent trading activities.
This was disclosed in a statement published recently on the Commission’s website, where it blacklisted the names of the four e-Commerce platforms blacklisted by the Italian government for fraud and unauthorised trading activities.
The Italian regulator also implored investors to employ the greatest diligence to make informed decisions.
The statement by SEC said it received a report that the Italian securities regulator, Commissione Nazionale per le Societa’e la Borsa, blacklisted the four platforms and blocked their sites for fraudulent activities and offering unauthorised financial services.
According to the SEC, the companies are unregistered in Nigeria, and their investment methods are illegal.
