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SECURITY AND EXCHANGE COMMISSION(SEC) WARNS NIGERIANS AGAINST INVESTING IN ‘HIGH RETURNS’.

The Securities and Exchange Commission (SEC) has cautioned potential capital market investors against putting their monies in fraud schemes that promise unwarranted high returns. The meeting which was organised by SEC in collaboration with the Financial Literacy Technical Committee (FLTC). The Head, Investor Education of the  Security and Exchange Commission (SEC),  Mr Tunde Kamali,  gave  the advice at a webinar meeting with title `The ABC of Savings and Investment in Abuja   Mr Tunde Kamali,   expressed regrets that fraudsters usually attracted their investors through offer of commissions, pressure tactics and fictitious track records, among others. Kamail called on investors to always ask, check and confirm with the commission before investing in those companies. “Our duty at SEC is to protect investors by ensuring only fit and proper professionals are allowed to provide financial services. “Most times, because of the ways and strategies of the fraudsters, many people do