← Companies regulators have named
REGULATOR ACTION
NIL
SEC Nigeria — via IOSCO I-SCAN (International Securities & Commodities Alerts Network) published a warning naming NIL, dated 25 November 2025. In its own words: “Securities and Exchange Commission (Nigeria) alert, published via IOSCO I-SCAN #40320. Category: Unregistered/Unlicensed entity offering financial products or services. Products: Crypto and Digital Assets. Name: MARINO FX. Other names: NIL. Website: https://marinoxchange[.]com/. Claims to be regulated by: The company …” This page lists 9 further items, each linked to its source, with its date where the source gives one. Read it at the source ↗
To cite: The Market Standard, “NIL — what regulators have published”, marketstandard.org/company/nil-48495. Cite the authority’s own publication as the primary source.
This records what named authorities published — it is not our finding.
The published record
Every regulator warning, enforcement publication and published consumer complaint we hold, newest first. Inclusion is the authority's statement in its own terms, not a court finding.
| Date | Country | Authority | Type | What it says | Status | Source |
|---|---|---|---|---|---|---|
| 25 November 2025 | Nigeria | SEC Nigeria — via IOSCO I-SCAN (International Securities & Commodities Alerts Network) | Warning | Not authorised — the regulator states the site, or the entity behind it, is not authorised “Securities and Exchange Commission (Nigeria) alert, published via IOSCO I-SCAN #40320. Category: Unregistered/Unlicensed entity offering financial products or services. Products: Crypto and Digital Assets. Name: MARINO FX. Other names: NIL. Website: https://marinoxchange[.]com/. Claims to be regulated by: The company was parading itself as SEC licensed cryptocurrency exchange..” [+]“Securities and Exchange Commission (Nigeria) alert, published via IOSCO I-SCAN #40320. Category: Unregistered/Unlicensed entity offering financial products or services. Products: Crypto and Digital Assets. Name: MARINO FX. Other names: NIL. Website: https://marinoxchange[.]com/. Claims to be regulated by: The company was parading itself as SEC licensed cryptocurrency exchange..” | Current | Open source |
| 21 July 2025 | Nigeria | SEC Nigeria — via IOSCO I-SCAN (International Securities & Commodities Alerts Network) | Warning | Warning or alert list entry naming it — the regulator’s own page says why “Securities and Exchange Commission (Nigeria) alert, published via IOSCO I-SCAN #40322. Category: General enforcement alerts. Name: POCKET OPTION. Other names: NIL. Website: https://pocketoption[.]com/en. Claims to be regulated by: The attention of the commission was drawn to the activities of POCKET OPTION, an online investment platform, which presents itself as an Investment Adviser/Fund Manager promoting unregistered investment scheme..” [+]“Securities and Exchange Commission (Nigeria) alert, published via IOSCO I-SCAN #40322. Category: General enforcement alerts. Name: POCKET OPTION. Other names: NIL. Website: https://pocketoption[.]com/en. Claims to be regulated by: The attention of the commission was drawn to the activities of POCKET OPTION, an online investment platform, which presents itself as an Investment Adviser/Fund Manager promoting unregistered investment scheme..” | Current | Open source |
| 14 July 2025 | Nigeria | SEC Nigeria — via IOSCO I-SCAN (International Securities & Commodities Alerts Network) | Warning | Warning or alert list entry naming it — the regulator’s own page says why “Securities and Exchange Commission (Nigeria) alert, published via IOSCO I-SCAN #40316. Category: no category given. Name: F&B. Other names: NIL. Website: https://www[.]forsman[.]com/about-us/.” [+]“Securities and Exchange Commission (Nigeria) alert, published via IOSCO I-SCAN #40316. Category: no category given. Name: F&B. Other names: NIL. Website: https://www[.]forsman[.]com/about-us/.” | Current | Open source |
| 30 June 2025 | Nigeria | SEC Nigeria — via IOSCO I-SCAN (International Securities & Commodities Alerts Network) | Warning | Not authorised — the regulator states the site, or the entity behind it, is not authorised “Securities and Exchange Commission (Nigeria) alert, published via IOSCO I-SCAN #40349. Category: Unregistered/Unlicensed entity offering financial products or services. Name: VALUE GROWTH PLATFORM. Other names: NIL. Website: NIL. Claims to be regulated by: The attention of the commission was drawn to the activities of an online platform known as VALUE GROWTH PLATFORM, which holds itself out as an Investment Platform that provides investors with market analysis reports , recommendations for investment and trading on their behalf..” [+]“Securities and Exchange Commission (Nigeria) alert, published via IOSCO I-SCAN #40349. Category: Unregistered/Unlicensed entity offering financial products or services. Name: VALUE GROWTH PLATFORM. Other names: NIL. Website: NIL. Claims to be regulated by: The attention of the commission was drawn to the activities of an online platform known as VALUE GROWTH PLATFORM, which holds itself out as an Investment Platform that provides investors with market analysis reports , recommendations for investment and trading on their behalf..” | Current | Open source |
| 19 June 2025 | Nigeria | SEC Nigeria — via IOSCO I-SCAN (International Securities & Commodities Alerts Network) | Warning | Not authorised — the regulator states the site, or the entity behind it, is not authorised “Securities and Exchange Commission (Nigeria) alert, published via IOSCO I-SCAN #40343. Category: Unregistered/Unlicensed entity offering financial products or services. Name: SAPPHIRE. Other names: NIL. Website: https://www[.]shopsapphirescents[.]com. Claims to be regulated by: The company was found parading itself as Investment Adviser/Fund Manager and also promoting an unregistered investment scheme without SEC license..” [+]“Securities and Exchange Commission (Nigeria) alert, published via IOSCO I-SCAN #40343. Category: Unregistered/Unlicensed entity offering financial products or services. Name: SAPPHIRE. Other names: NIL. Website: https://www[.]shopsapphirescents[.]com. Claims to be regulated by: The company was found parading itself as Investment Adviser/Fund Manager and also promoting an unregistered investment scheme without SEC license..” | Current | Open source |
| 5 June 2025 | Nigeria | SEC Nigeria — via IOSCO I-SCAN (International Securities & Commodities Alerts Network) | Warning | Not authorised — the regulator states the site, or the entity behind it, is not authorised “Securities and Exchange Commission (Nigeria) alert, published via IOSCO I-SCAN #40331. Category: Unregistered/Unlicensed entity offering financial products or services. Products: Crypto and Digital Assets. Name: $PUN. Other names: PUNISHER COIN. Website: https://punishercoin[.]com. Claims to be regulated by: Neither the Punisher coin nor its promoters are registered with the Commission; The attention of the Securities and Exchange Commission(.” [+]“Securities and Exchange Commission (Nigeria) alert, published via IOSCO I-SCAN #40331. Category: Unregistered/Unlicensed entity offering financial products or services. Products: Crypto and Digital Assets. Name: $PUN. Other names: PUNISHER COIN. Website: https://punishercoin[.]com. Claims to be regulated by: Neither the Punisher coin nor its promoters are registered with the Commission; The attention of the Securities and Exchange Commission(.” | Current | Open source |
| 6 May 2025 | Nigeria | SEC Nigeria — via IOSCO I-SCAN (International Securities & Commodities Alerts Network) | Warning | Not authorised — the regulator states the site, or the entity behind it, is not authorised “Securities and Exchange Commission (Nigeria) alert, published via IOSCO I-SCAN #40335. Category: Unregistered/Unlicensed entity offering financial products or services. Name: PWAN. Other names: NIL. Website: https://www[.]pwangroup[.]com. Claims to be regulated by: The company was parading itself as a real estate investment company without SEC registration and was soliciting funds from the public for investment purposes, through.” [+]“Securities and Exchange Commission (Nigeria) alert, published via IOSCO I-SCAN #40335. Category: Unregistered/Unlicensed entity offering financial products or services. Name: PWAN. Other names: NIL. Website: https://www[.]pwangroup[.]com. Claims to be regulated by: The company was parading itself as a real estate investment company without SEC registration and was soliciting funds from the public for investment purposes, through.” | Current | Open source |
| 30 April 2025 | Nigeria | SEC Nigeria — via IOSCO I-SCAN (International Securities & Commodities Alerts Network) | Warning | Warning or alert list entry naming it — the regulator’s own page says why “Securities and Exchange Commission (Nigeria) alert, published via IOSCO I-SCAN #40348. Category: no category given. Products: Crypto and Digital Assets. Name: TOFRO[.]COM. Other names: NIL. Website: NIL. Claims to be regulated by: The attention of the commission was drawn to the activities of an online platform known as TOFRO[.]COM (Tofro), which holds itself out as a cryptocurrency trading platform..” [+]“Securities and Exchange Commission (Nigeria) alert, published via IOSCO I-SCAN #40348. Category: no category given. Products: Crypto and Digital Assets. Name: TOFRO[.]COM. Other names: NIL. Website: NIL. Claims to be regulated by: The attention of the commission was drawn to the activities of an online platform known as TOFRO[.]COM (Tofro), which holds itself out as a cryptocurrency trading platform..” | Current | Open source |
| 28 January 2025 | Nigeria | SEC Nigeria — via IOSCO I-SCAN (International Securities & Commodities Alerts Network) | Warning | Not authorised — the regulator states the site, or the entity behind it, is not authorised “Securities and Exchange Commission (Nigeria) alert, published via IOSCO I-SCAN #40339. Category: Unregistered/Unlicensed entity offering financial products or services. Name: RISEVEST. Other names: NIL. Website: https://risevest[.]com/. Claims to be regulated by: The Company holds itself out as a Digital Dollar/Fund Manager in the Nigerian Capital Market without SEC license..” [+]“Securities and Exchange Commission (Nigeria) alert, published via IOSCO I-SCAN #40339. Category: Unregistered/Unlicensed entity offering financial products or services. Name: RISEVEST. Other names: NIL. Website: https://risevest[.]com/. Claims to be regulated by: The Company holds itself out as a Digital Dollar/Fund Manager in the Nigerian Capital Market without SEC license..” | Current | Open source |
| 24 January 2025 | Nigeria | SEC Nigeria — via IOSCO I-SCAN (International Securities & Commodities Alerts Network) | Warning | Not authorised — the regulator states the site, or the entity behind it, is not authorised “Securities and Exchange Commission (Nigeria) alert, published via IOSCO I-SCAN #40336. Category: Unregistered/Unlicensed entity offering financial products or services. Name: RISEVEST. Other names: NIL. Website: https://risevest[.]com/. Claims to be regulated by: The company was engaging in capital market activities by inviting the public to invest in its various investment schemes without SEC registration..” [+]“Securities and Exchange Commission (Nigeria) alert, published via IOSCO I-SCAN #40336. Category: Unregistered/Unlicensed entity offering financial products or services. Name: RISEVEST. Other names: NIL. Website: https://risevest[.]com/. Claims to be regulated by: The company was engaging in capital market activities by inviting the public to invest in its various investment schemes without SEC registration..” | Current | Open source |
Details ↗
“Securities and Exchange Commission (Nigeria) alert, published via IOSCO I-SCAN #40320. Category: Unregistered/Unlicensed entity offering financial products or services. Products: Crypto and Digital Assets. Name: MARINO FX. Other names: NIL. Website: https://marinoxchange[.]com/. Claims to be regulated by: The company was parading itself as SEC licensed cryptocurrency exchange..”
Details ↗
“Securities and Exchange Commission (Nigeria) alert, published via IOSCO I-SCAN #40322. Category: General enforcement alerts. Name: POCKET OPTION. Other names: NIL. Website: https://pocketoption[.]com/en. Claims to be regulated by: The attention of the commission was drawn to the activities of POCKET OPTION, an online investment platform, which presents itself as an Investment Adviser/Fund Manager promoting unregistered investment scheme..”
Details ↗
“Securities and Exchange Commission (Nigeria) alert, published via IOSCO I-SCAN #40316. Category: no category given. Name: F&B. Other names: NIL. Website: https://www[.]forsman[.]com/about-us/.”
Details ↗
“Securities and Exchange Commission (Nigeria) alert, published via IOSCO I-SCAN #40349. Category: Unregistered/Unlicensed entity offering financial products or services. Name: VALUE GROWTH PLATFORM. Other names: NIL. Website: NIL. Claims to be regulated by: The attention of the commission was drawn to the activities of an online platform known as VALUE GROWTH PLATFORM, which holds itself out as an Investment Platform that provides investors with market analysis reports , recommendations for investment and trading on their behalf..”
Details ↗
“Securities and Exchange Commission (Nigeria) alert, published via IOSCO I-SCAN #40343. Category: Unregistered/Unlicensed entity offering financial products or services. Name: SAPPHIRE. Other names: NIL. Website: https://www[.]shopsapphirescents[.]com. Claims to be regulated by: The company was found parading itself as Investment Adviser/Fund Manager and also promoting an unregistered investment scheme without SEC license..”
Details ↗
“Securities and Exchange Commission (Nigeria) alert, published via IOSCO I-SCAN #40331. Category: Unregistered/Unlicensed entity offering financial products or services. Products: Crypto and Digital Assets. Name: $PUN. Other names: PUNISHER COIN. Website: https://punishercoin[.]com. Claims to be regulated by: Neither the Punisher coin nor its promoters are registered with the Commission; The attention of the Securities and Exchange Commission(.”
Details ↗
“Securities and Exchange Commission (Nigeria) alert, published via IOSCO I-SCAN #40335. Category: Unregistered/Unlicensed entity offering financial products or services. Name: PWAN. Other names: NIL. Website: https://www[.]pwangroup[.]com. Claims to be regulated by: The company was parading itself as a real estate investment company without SEC registration and was soliciting funds from the public for investment purposes, through.”
Details ↗
“Securities and Exchange Commission (Nigeria) alert, published via IOSCO I-SCAN #40348. Category: no category given. Products: Crypto and Digital Assets. Name: TOFRO[.]COM. Other names: NIL. Website: NIL. Claims to be regulated by: The attention of the commission was drawn to the activities of an online platform known as TOFRO[.]COM (Tofro), which holds itself out as a cryptocurrency trading platform..”
Details ↗
“Securities and Exchange Commission (Nigeria) alert, published via IOSCO I-SCAN #40339. Category: Unregistered/Unlicensed entity offering financial products or services. Name: RISEVEST. Other names: NIL. Website: https://risevest[.]com/. Claims to be regulated by: The Company holds itself out as a Digital Dollar/Fund Manager in the Nigerian Capital Market without SEC license..”
Details ↗
“Securities and Exchange Commission (Nigeria) alert, published via IOSCO I-SCAN #40336. Category: Unregistered/Unlicensed entity offering financial products or services. Name: RISEVEST. Other names: NIL. Website: https://risevest[.]com/. Claims to be regulated by: The company was engaging in capital market activities by inviting the public to invest in its various investment schemes without SEC registration..”
Licences on registers we hold
Inclusion on a register is not a recommendation. What the public registers we hold record under this name. A register entry confirms permissions in that jurisdiction, not an endorsement.
No entry of this name in the registers we hold. That is a statement about our registers, not a finding that the firm is unlicensed: we hold 11 registers, and a licence issued elsewhere would not appear here whether or not it is real. Which registers we hold.
Websites named with this company
Named on the same notice or headline — not proof of common ownership.
Sanctions name-matches
No crypto address in our copy of the OFAC list is designated under this name. That list covers only designations that carry a crypto address; it is not a full sanctions screen.
Broker discovery record
The broker discovery engine holds no record under this name or website in its published corpus. That is a statement about one corpus, not about the subject.
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What this record does not tell you
- It is not our finding. Nothing on this page says this subject committed fraud. It records what named authorities published, on the dates shown.
- A warning is the regulator's statement, not a conviction. Many lists name firms that are not licensed in that jurisdiction, or that were reported by the public.
- Same name, different entity. Names are matched as written. A legitimate firm can share a name with a warned entity, and clones copy real names deliberately.
- Absence is not clearance. An entity with no page here may simply not have been warned about yet — that is the normal state of a new fraud.
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