Officers of the Federal Road Safety Corps have been advised to channel their investments to entities that are registered with the regulatory body instead of Ponzi schemes.
The Securities and Exchange Commission (SEC) advised an investors’ enlightenment programme tagged, ‘Investor Safety’ for the officers at zonal offices across the Federation.
While urging the officers to be wary of any investment that is propose unreasonably high returns, SEC also called on investors to always cross-check that such fund managers and products they offer are registered with the Commission.
According to SEC, the capital market is properly positioned to attract Nigerians and provide benefits to investors.
In a statement, the officers were taught the red flags of Ponzi schemes and how to expose them.
The officers also learnt about the functions of SEC, the availability of non-interest finance and complaints management mechanisms in the capital market.
The events, which were held in Lagos, Port-Harcourt, Enugu, Edo and Osun states, are the third in the series of sensitising the officers of FRSC on investment.
