Risevest debunks SECs allegation, says it’s legally registered to operate
Written by Ohris M. Greyoon, Blockchain & Crypto Expert
Risevest's Response to SEC Warning: Risevest has clarified its legal operations in Nigeria, stating it is registered under the Cooperative Society Laws and operates with support from SEC-licensed companies. They are committed to resolving concerns raised by the SEC regarding their subsidiary's authorization to operate in the capital market.
SEC's Stance on Unregistered Entities: The Nigerian Securities and Exchange Commission has warned the public against engaging with Risevest and another cooperative society due to their lack of registration and authorization, emphasizing the risks of fraud and investment loss associated with unregulated entities.
About the author
Ohris M. Greyoon
Ohris M. Greyoon holds a Master’s in Computer Science from MIT and has 10 years of experience in blockchain technology and cryptocurrency markets. A pioneer in decentralized finance (DeFi) analysis, he leads Intellectia’s Crypto News, offering cutting-edge insights into digital assets.
