SEC shuts down Nyak-City Hostels over unlicensed investment scheme

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https://www.myjoyonline.com/sec-shuts-down-nyak-city-hostels-over-unlicensed-investment-scheme/

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SEC shuts down Nyak-City Hostels over unlicensed investment scheme - MyJoyOnline

The Securities and Exchange Commission (SEC) has shut down Nyak-City Hostels Limited for offering investment products to the public without the required licence. The company, which was incorporated in 2025 by the Registrar of Companies, is an unlicensed asset-backed investment company. Nyak-City Hostels Limited operates an investment product known as “Treasury Hostel Investment”, which it […]

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SEC shuts down Nyak-City Hostels over unlicensed investment scheme - MyJoyOnline

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SEC warns against 23 unlicensed online investment firms - MyJoyOnline

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