The Securities and Exchange Commission (“SEC”) has become aware of an unlicenced, and possible fraudulent investment scheme being promoted as QZ ASSET MANAGEMENT (“QZAM”) and its associates/promoters, that are recruiting members of the public on behalf of QZAM. We understand that QZAM is being promoted via seminars, presentations and social media referral statements being made that may either be unsubstantiated and/or false and misleading. This includes claims that QZAM invests in stocks and stock indices such as the S&P 500 and the claim that QZAM is regulated in Asia and as such can solicit investments from members of the Zambian Public. It must be noted that QZAM is not regulated in Zambia by the Securities and Exchange Commission nor the other financial sector regulators and as such QZAM is not authorized to conduct or advertise capital market services/products in Zambia.