Mohammed Shosanya
The Securities and Exchange Commission has warned the public not to transact any business with Marino FX Limited as the company is not registered by the Commission operate in any capacity in the capital market in Nigeria.
This was conveyed in a notice made available to Premium News by the SEC.
It said: “We hereby notify the public that Marino FX Ltd who is parading itself as a SEC licensed cryptocurrency exchange is NOT registered or licensed by the SEC to operate in any capacity in the Nigerian capital market, including cryptocurrency exchanges.
“Any claim to the public by the company of its registration or license by the SEC is false and misleading.
It advised the public to exercise caution and refrain from engaging with Marino FX Ltd or any of its representatives.
It further stated that transacting in the Nigerian capital market with unregistered and unregulated entities exposes investors to financial risks, including fraud and the potential loss of investment and expressed its committed to protecting investors in the Nigerian Capital Market while working diligently to curb scams and other fraudulent activities.
