SEC Warns Nigerians Against GVEST Global, Flags Firm Over Illegal Investment Schemes (Plus: How to spot a Ponzi Scheme)
The Securities and Exchange Commission (SEC) has cautioned Nigerians to steer clear of GVEST Global, describing the company as an unregistered investment adviser and fund manager that is promoting illegal investment schemes. In a public notice, the Commission explained that GVEST Global also operates under different names, including GVEST (Alausa) Cooperative Multipurpose Limited, GVEST Investment…