OPERATION OF UNAUTHORISED PRIVATE FUNDS
FURTHER to the Securities (Private Funds) Guidelines No.1 of 2022 published in the Government Gazette NO. 7121 of 29th April 2022, the Securities and Exchange Commission (SEC) wishes to notify the public that pursuant to section 129 of the Securities Act No. 42 of 2016 as amended by Securities (Amendment) Act No. 21 of 2022 […]
Failure And/or Neglect By Pamodzi Hotel Plc To Disclose Price-Sensitive Information
Pursuant to section 218(2)(a) of the Securities Act, Act. No. 46 of 2016 (“the Act”), the Securities and Exchange Commission (Commission) had on 9th October 2024 imposed a civil financial penalty of K10,000 on Pamodzi Hotel Plc (Pamodzi) for its failure to comply with its statutory obligations on public disclosures.
SCAM ALERT: AGR SOLAR ENERGY CO LTD
The Securities and Exchange Commission (“the Commission”) has identified a purported investmentscheme operating under the name “AGR Solar Energy Company Ltd.” The scheme is being marketedon social media platforms such as Facebook and WhatsApp as being involved in renewable energyprojects, and has been inviting participants to “rent” or “purchase” photovoltaic (PV) panels, whichare allegedly used […]
PONZI SCHEME REPORT – TRUST FUNDER
The Securities and Exchange Commission (“the Commission”) has identified a purported capital raising and investment scheme operating under the name “Trust Funder.” The scheme is being marketed on social media platforms such as Facebook and WhatsApp as being a crowdfunding platform, where individuals are invited to pay money (which they are referring to as donations) […]
MEDIA RELEASE ON THE SIGNING OF THE MOU BETWEEN SEC AND PA
The Securities and Exchange Commission (SEC) is pleased to announce the signing of a Memorandum of Understanding (MoU) with the Prudential Authority (PA) of South Africa. This landmark agreement was signed by SEC and PA on 2nd December 2024 marking a significant step forward in
Ponzi Scheme: CORE VARIOUS
The Securities and Exchange Commission (“the Commission”) has identified a purported investment scheme operating under the name “Core Various.” The scheme is actively promoted on social media platforms like Facebook and WhatsApp, claiming to offer investors returns of up to 10 times their initial investment after 100 days. It features an F50 earning category that […]
PUBLIC ALERT – SEC Impersonation
The Securities and Exchange Commission (“the Commission”) wishes to alert the public to fraudulent emails being circulated by unknown individuals falsely claiming to represent the Commission. Specifically, these deceptive emails originate from seczambia.info@gmail.com and are designed to appear legitimate by incorporating the SEC’s official logo. The fraudulent emails request investors to pay so-called “regulatory fees” […]
The Ministry of Finance in collaboration with Financial sector regulators launches the National Financial Education Strategy 2019 to 2024
The Ministry of Finance in collaboration with Financial sector regulators launches the National Financial Education Strategy 2019 to 2024
Be a professional by completing the licensing programme in Zambia
Be a professional by completing the licensing programme in Zambia
“Public Notice” – Beware of Fraudulent Emails Impersonating the SEC
The Securities and Exchange Commission (“the Commission”) wishes to alert the public to fraudulent emails being circulated by unknown individuals falsely claiming to represent the Commission. Specifically, these deceptive emails originate from seczambia.info@gmail.com and are designed to appear legitimate by incorporating the SEC’s official logo. The fraudulent emails request investors to pay so-called “regulatory fees” after making investments, as well as to process or validate their payments. The SEC strongly warns the public that: