Commission flags Voya Investment operation as ‘fraud’

The Securities and Exchange Commission (SEC) has warned the public against transacting with Voya Investment Management (VIM), an online investment platform. SEC said Voya operates through its website. In a notice issued on Wednesday, the commission said the firm’s claims of being licensed or supervised by the SEC are false and misleading. “The operators of […]

The Securities and Exchange Commission (SEC) has warned the public against transacting with Voya Investment Management (VIM), an online investment platform.

SEC said Voya operates through its website.

In a notice issued on Wednesday, the commission said the firm’s claims of being licensed or supervised by the SEC are false and misleading.

“The operators of this platform claim to offer investment services in Nigerian stocks and other financial instruments purportedly under the supervision of the Commission.

“Voya Investment Management is also parading a certificate of identity verification purportedly issued by the Commission.

“The Commission hereby informs the public that Voya Investment Management (VIM) is not registered or licensed by the Commission to carry out any activity in the Nigerian capital market.”