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SEC Orders Investment Crowdfunding Platforms To Register By June 30th - Investment - Nairaland

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SEC Orders Investment Crowdfunding Platforms To Register By June 30th by sleeksavbvy: 3:30pm On May 29, 2021


The Securities and Exchange Commission (SEC), has ordered all existing investment crowdfunding portals/digital commodities investment platforms to register with it on or before June 30th, 2021, or cease operations. This was disclosed in a statement by the SEC.

This also applies to those with digital commodities investment platforms like Piggyvest, Trove, Bamboo, Chaka, and other entities rendering similar services.

According to the SEC, the rules governing the crowdfunding business in Nigeria came into effect on the 21st day of January 2021. This was part of efforts by the Commission to secure investor funds while encouraging innovation in the conduct of securities business...

https://www.techawkng.com/2021/05/29/sec-orders-investment-crowdfunding-platforms-to-register-by-june-30th/

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