SEC Nigeria flags ModMount: offshore licensing is not Nigerian registration
| Jurisdiction | Nigeria (Africa) |
| Authority | Securities and Exchange Commission, Nigeria |
| Instrument | enforcement |
| Status | enforced |
| Event date | 30 Jan 2026 |
| Coverage date | 1 Mar 2026 |
| Sources | SEC Nigeria circular |
| Reference | cpm-2026-0016 |
On the same day as its Aurum Bot alert, SEC Nigeria warned against ModMount Services Limited, a CFD broker offering forex, stocks, commodities and crypto to Nigerian investors while presenting itself as a licensed international operator. The doctrine in the warning matters more than the name: claimed offshore licensing does not substitute for Nigerian registration under ISA 2025. Every multi-asset platform marketing to Nigerian retail from abroad is on notice.
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