2024-11-25

SEC Alert: Marino FX Ltd Unregistered and Unlicensed in Nigeria

The Nigerian Securities and Exchange Commission (SEC) has declared Marino FX Ltd unregistered and unlicensed to operate in the Nigerian capital market, including cryptocurrency exchanges. The regulator warns that the company’s claims of SEC approval are false and misleading, exposing investors to fraud and capital loss. The public is therefore advised to exercise caution and refrain from transacting with Marino FX Ltd or its representatives.

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Nigeria

Securities and Exchange Commission Nigeria

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The Securities and Exchange Commission (SEC) hereby notifies 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.The public is hereby advised to exercise caution and refrain from engaging with Marino FX Ltd or any of its representatives. Transacting in the Nigerian capital market with unregistered and unregulated entities exposes investors to financial risks, including fraud and the potential loss of investment.The SEC remains committed to protecting investors in the Nigerian Capital Market and is working diligently to curb scams and other fraudulent activities.For inquiries or to verify the status of any capital market operator, please contact the SEC via the following: Phone: +2342094621168-9 Email:

registration@sec.gov.ng Website:

https://sec.gov.ng/cmos/ SIGNEDMANAGEMENT