The Securities and Exchange Commission (SEC), has shut down the office of Stockmatch Investments Limited in Maiduguri, Borno State over alleged illegal investment activities.

According to the Nigeria Television Authority (NTA), the sealing of Stockmatch office took place on Tuesday, 29 August, 2023.

SEC stated that the office of the company in Wulari Plaza on Lagos Street Maiduguri, was shut down for allegedly carrying out investment operations that fall within the ambit of fund management without registration.

The Commission, therefore, advised the public to always confirm from them whether an entity providing investment services has been duly registered.

Also, the Commission advised that inquiries should be made whether the investment schemes are authorised by it.

Also, It encouraged the public to exercise due diligence and caution in making investment decisions, adding that a list of valid operators can be obtained on its website.
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