Newscenter Media News The Federal Government on Sunday assured investors in the rapidly expanding fintech sector of continued support and protection amidst challenges in the industry.
The Director-General of the Securities and Exchange Commission (SEC), Emomotimi Agama, gave the assurance at a one-day capacity training for financial journalists in Abuja.
He stressed the need for a regulatory environment that fosters innovation while maintaining investor protection.
Agama said: “It is time for fintech operators to be held accountable to the rules of the capital market, particularly when raising funds.”
The SEC DG assured stakeholders that the commission would enforce regulations to curb fund mismanagement and ensure fintech operators comply with capital market rules.
The Director of Registration, Exchanges, and Market Infrastructure at SEC, Hasfat Rufai, noted that the rise of digital platforms, cryptocurrencies, and fintech startups has brought new opportunities.
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Rufai, who spoke during a panel discussion at the event, however, acknowledged challenges, particularly around regulation and investor protection.
She reaffirmed the commission’s commitment to ensuring that investors’ interests remain protected despite these new disruptions.
“While these trends bring new opportunities, they also come with challenges, particularly around regulation and investor protection,” she noted.
The transformation of the investment landscape has been significant, with the digital age offering greater accessibility, innovation, and opportunity. Rufai emphasized the need for investors to adapt to this evolving environment by embracing technology, seeking knowledge, and making responsible investment choices.
“The digital age has transformed the investment landscape, offering greater accessibility, innovation, and opportunity. Investors must adapt to this evolving environment by embracing technology, seeking knowledge, and making responsible investment choices,” Rufai stated.
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