Ponzi Schemes Archives - National Wire

NASS to Further Empower SEC To Sanction Unregistered Schemes, Others

January 20, 2022 0

In a bid to combat the menace of Ponzi schemes and ensure that the apex regulator of the capital market is well equipped to stem the tide, the National Assembly is proposing a Bill that will empower the Securities and Exchange Commission to impose stiffer punishment on promoters of Ponzi schemes and other unregistered investment schemes.

Ponzi Schemes, Threat To Investor Protection- SEC

March 2, 2021 0

The continued activities of Ponzi schemes have been described as a threat to the protection of investors, the functioning of a fair and orderly financial market as well as the development of the economy at large.