Following the Securities and Exchange Commission (SEC) warning against the proliferation of unregistered online investment and trading platforms, Trove reassures customers of commitment to all the local laws and regulations.
In a statement released this evening, the CEO of Trove, Oluwatomi Solanke, said, “as communicated earlier, Trove strives to maintain good standing with all existing compliance requirements and regulatory frameworks.
“We are delighted to announce that Trove has taken the necessary steps to register with the Nigerian Securities & Exchange Commission (SEC) for the SEC recommended license and remains in active communication with the SEC.
“The SEC continues to be proactive in our nascent industry and we applaud the regulators for being very supportive of the technological developments and innovations in the space. Further, we are delighted that the SEC has been forthcoming in receiving our input as it builds a robust regulatory framework. We specifically would like to thank you for your patience over the past couple of weeks.”
He further affirmed that Trove will continue to work with the SEC to protect, educate and build investor confidence through our platforms, as we simplify investing and promote economic empowerment.
