SEC Issues Warning Against Unregistered Silverkuun Investment Scheme

The Securities and Exchange Commission (SEC) has issued a stern warning to Nigerians against participating in the Silverkuun investment scheme, which it has identified as unregistered and operating illegally.

In a public notice, the SEC clarified that Silverkuun has not complied with the regulatory requirements necessary to operate as a legitimate investment platform. The Commission cautioned investors to be wary of schemes promising unusually high returns without proper registration or regulatory oversight.

SEC emphasized that investment schemes must be registered and authorized to protect investors’ interests and ensure transparency. The agency urged the public to conduct due diligence and verify the legitimacy of any investment opportunity before committing funds.

Several investors have reportedly lost money to Silverkuun, raising concerns about the scheme’s sustainability and legality. The Commission has promised to intensify monitoring and enforcement activities to clamp down on fraudulent schemes in Nigeria’s capital market.

SEC also encouraged Nigerians to report suspicious investment operations to help protect the public from financial scams and promote a secure investment environment.