By Milcah Tanimu
The Securities and Exchange Commission (SEC) has issued a public warning against Marino FX Ltd, advising investors not to engage with the unregistered company. According to the SEC, Marino FX Ltd is neither licensed nor authorized to operate in Nigeria’s capital market, including offering cryptocurrency exchange services.
The commission stressed that any claim by Marino FX Ltd to be registered or licensed by the SEC is false and misleading. It further cautioned the public that dealing with unregistered entities exposes them to significant risks, including fraud and potential financial losses.
The SEC reaffirmed its commitment to protecting investors and ensuring the integrity of the Nigerian capital market. Investors have been urged to exercise caution and avoid transactions with Marino FX Ltd or its representatives.
