Enforcement · SEC · 26 Jun 2024
The Securities and Exchange Commission has issued a formal notice declaring that Alpha Trust Investment Club and its promoted investment schemes lack required registration. Operating as an unregistered investment professional constitutes a serious contravention of the Investments and Securities Act 2007. The public and investment promoters are strongly advised to verify the registration status of any entity or product before entering into financial transactions.
The attention of the Securities and Exchange Commission (“the Commission”), has been drawn to the activities of Alpha Trust Investment Club, an entity that is believed to be facilitating investment to the public. The Commission hereby notifies the investing public that Alpha Trust Investment Club and the investment schemes it is promoting are not registered/authorized by the Commission. Investment promoters and the general public are by this NOTICE warned that it is a serious contravention of the Investments and Securities Act 2007 for any person or entity to operate as an investment professional or carry on investment and securities business without prior registration with the Commission. The general public is by this notice STRONGLY ADVISED to always verify with the Commission the registration status of any person or entity and the investment product(s) being promoted before dealing with such person or entity. Signed Management
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Source: Securities and Exchange Commission Nigeria — original document · Summary generated with machine assistance and reviewed before publication; the authoritative text is the regulator's original document. How RegAlert works
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