BusinessDay, Monday 14^th May 2012 (Page 19)

It has come to the notice of the Securities and Exchange Commission (SEC) through the BusinessDaY newspaper publication of Monday 14^th May 2012 (page 19) that an illegal Fund Manager (Finance and Commercial Services Limited - FCSL) has announced the introduction of four (4) Funds into the market namely:

1. Evergreen Ethical Fund
2. Beta Growth Fund
3. Diamond Fund
4. Beautiful Minds Education Endowment Fund

This is to inform the general public that the said Funds are illegal as neither the Fund nor the Fund Managers are registered with the Securities and Exchange Commission and thus anyone who invests in these Funds does so to his/her own risk.

Investors are advised to consult the Commission’s website for the list of authorized Funds. Click here for full list of registered funds

SIGNED:

MANAGEMENT

Tweet

TAGS: SEC, NIGERIA, CAPITAL MARKETS, MUTUAL FUNDS, COLLECTIVE INVESTMENT SCHEMES, BUSINESSDAY, ILLEGAL, REGULATION, UNREGISTERED, FINANCE, BUSINESS