Regulatory Alerts2025-04-30
SEC Public Notice on Unregistered Tofro.com
The Nigerian Securities and Exchange Commission has declared the cryptocurrency trading platform Tofro.com as unregistered to solicit investments or operate within Nigeria. Investigations reveal that the entity exhibits classic Ponzi scheme indicators, including unusually high returns, a referral-dependent payout model, and consistent withdrawal failures. Investors are advised to exercise caution, assume full risk for their capital, and verify the platform’s registration status via the Commission’s official portal before transacting.
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