Ponzi schemes, also known as pyramid investments, are a form of financial fraud that lures investors with the promise of high returns but often ends up giving no returns at all, with a possible loss of investors' total capital.
This has been a recurring challenge over the years and has of late grown rather aggressively as more Nigerians have fallen and are still falling victims to such schemes. Opinions widely held as the cause of this unpleasant trend have it that due to rising inflation and economic hardships, more investors have been seeking for alternative avenues especially outside the traditional regulated markets with the hope of earning returns that match or surpass the inflation rate. This development keeps pushing unsuspecting investors into the ever waiting and opportunistic hands of these proliferating unregistered fund managers where they suffer the loss of their hard-earned funds.
As a major objective of the CIIA, investor protection through robust education, awareness creation and crisis prevention techniques, underlies the theme of this second edition of our ATH. The Association of Corporate and Individual Investment Advisers (CIIA) is therefore bringing key market stakeholders together for the purpose of x-raying the real challenges of Ponzi's as they affect the growth of the domestic capital market and proffer possible remedies in stemming or eradicating the scourge of the untoward trend.
At 11:00am on Friday the 17th of September, the virtual forum will be held with an ensemble of brilliant panelists in the industry having the specific subject matter expertise in the critical areas ranging from the behavioral aspect of investing to traditional portfolio/product management, risk management and administrative acumen and their relevance to the domestic market as currently configured in the overall business of money management.
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