Online Retail Forex Trading Is Unregulated – SEC

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Friday, October 19, 2018 01:08 PM / SEC Nigeria


The attention of the Securities and Exchange Commission (SEC) has been drawn to the increased advertisements in electronic and other media soliciting investors to engage in leveraged online retail forex trading.


The public is hereby advised that online retail forex trading is currently unregulated and consequently may be subject to abuse.


Until a framework for regulation of online retail forex trading is developed by the SEC, any person participating or engaged in such investment activity does so at his or her own risk.


Proshare Nigeria Pvt. Ltd.

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