The Securities and Exchange Commission (SEC) has cautioned the public against investing in Glorious Wealth Fund (GWF), stating that the online platform is not registered to operate in Nigeria’s capital market.

According to the SEC, GWF falsely claims to be licensed by the regulator and has received complaints from investors who are unable to withdraw their funds. The Commission describes the platform as showing “clear signs of an illegal investment scheme” and urges Nigerians to avoid all transactions with it.

SEC reminds investors to always verify a company’s registration status on its official portal before committing their money. Visit www.jocomms.com for more news.