Reps Propose 10-year Jail Term For Ponzi Scheme Operators
A bill to repeal the Investments and Securities Act (ISA) 2007 and enact the Investments and Securities Act to establish Securities and Exchange Commission (SEC) has scaled the second reading. The bill, which seeks to make SEC the apex regulatory authority for the Nigerian capital market, prescribes a 10-year jail term for Ponzi scheme operators,…
