• Wednesday, February 28, 2024
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SEC suspends Maven Asset Management

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The Securities and Exchange Commission (SEC) has notified the general public that Maven Assets Management Limited, its directors and sponsored individuals have been suspended from all capital market activities with effect from August 29, 2014.

The SEC says the suspension is as a result of the operator’s failure to carry out its investors mandate to purchase 200,000 units of National Sport Lottery plc during the company’s 2008 public offer for which it collected N3.1 million.

According to SEC, “this information is to warn intending investors from engaging the aforementioned operator in any capital market transaction pending when the firm’s suspension is lifted by the Commission.”