Risevest, a popular investment platform has responded to a recent warning issued by Nigerian Securities and Exchange Commission (SEC).
Garrkeepers News reports that SEC earlier on Sunday, warned Nigerians against investing in Risevest Cooperative Multipurpose Society Limited and Stecs Multipurpose Cooperative Societ, saying they are not authorised to operate within the Nigerian capital market.
In a bid to reassure its customers and mitigate potential fallout, Risevest explained the legal status of its operations in a statement sent to its customers via email.
The company said Risevest Cooperative Society is registered under the Cooperative Society Laws of Lagos State with Registration No. 17080. It also mentioned that its Nigerian operations are supported by Meristem Trustees Limited, a company licensed by SEC, and Chaka Technologies Limited, an SEC-licensed digital sub-broker.
It added, “These structures empower us to manage and invest our users’ funds in both local and global markets.”
“We have always operated in line with guidelines established by regulators to safeguard consumers.”
Risevest said it has contacted the SEC to understand the concerns raised in the warning and assured its users that all its services are working as usual.
The statement concluded, “We are committed to delivering investment opportunities in a safe, compliant, and beneficial manner.”
“Our mission to connect users to the best wealth opportunities locally and globally remains unwavering.”
