12th October 2020
The Securities and Exchange Commission (SEC) circulated an exposure on the Proposed New Rules (PNR) on Crowdfunding. This PNR made a laudable attempt to regulate the activities of stakeholders and reduce investors’ risk in Crowdfunding schemes.
Wigwe & Partners lends its view through its write-up on “The Effects, Legality, Practicability of the Proposed SEC Rules on Crowdfunding in Nigeria” featured on Page 13 of the CMSA Newsletter – Issue No. 4. October 9, 2020; which highlights the validity and operability of the proposed rules in view of the provisions of the Investments and Securities Act 2007.
Click here to read the write-up.