On Tuesday 29, the financial market regulator closed the offices of Stockmatch Investments Ltd in Borno State in Nigeria. The Securities and Exchange Commission accuses him of illegal activities.

The Securities and Exchange Commission is shutting down the offices of Stockmatch Investments, for illegally carrying out the fund management business, two months after Binance Nigeria was censored. The Securities and Exchange Commission (SEC), indicated that “Stockmatch Investments Ltd has not registered with it to conduct fund management activities and promises exorbitant rates of return to attract investors.” For SEC, this measure taken against Stockmatch was intended to ensure that unregistered entities did not operate in the Nigerian capital market. She also reminded investors of the risks to which they are exposed if they invest in these entities