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SEC cautions potential investors against `high returns’ fraud schemes
SEC gave the advice at a webinar meeting with title `The ABC of Savings and Investment in Abuja’.
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The Securities and Exchange Commission (SEC) has cautioned potential capital market investors against putting their monies in fraud schemes that promise unwarranted high returns.
Tunde Kamali, the Head, Investor Education of the Securities and Exchange Commission (SEC), gave the advice at a webinar meeting with title `The ABC of Savings and Investment in Abuja’.
Mr Kamali expressed regrets that fraudsters usually attracted their investors through offers of commissions, pressure tactics, and fictitious track records, among others.