The Nigerian investment platform Risevest has acquired a U.S. broker-dealer license through its affiliate, Risevest Financial Securities Limited. This significant milestone paves the way for investors seeking access to international markets.
Licensing and Its Significance
Risevest, now the second financial organization in Nigeria after Bamboo to achieve such a license, can provide seamless access to U.S. and global markets for both individual and institutional investors. This move alleviates barriers to international investing and expands the range of investment opportunities. The company's leadership highlights the importance of this development in its efforts to transform global investing.
About Risevest
Founded in 2019 by Eke Urum, Risevest is an e-investment company registered with the Corporate Affairs Commission of Nigeria (CAC). The platform allows investments in diverse portfolios, including U.S. stocks, real estate, and stable foreign currencies. In 2022, it secured approval from the U.S. Securities and Exchange Commission (SEC) as a registered investment adviser, marking its efforts for international expansion.
Response to SEC's Warning
In January 2025, Risevest received a warning from the Nigerian Securities and Exchange Commission (SEC), cautioning Nigerians against engaging with the company. Risevest responded by highlighting its legal operations in Nigeria in accordance with the Cooperative Society Laws of Lagos State and support from SEC-licensed companies such as Meristem Trustees Limited and Chaka Technologies Limited.
With the new broker-dealer license in the U.S., Risevest continues to strengthen its position internationally, offering security and new opportunities to its users. Despite the recent SEC warnings, the company remains committed to complying with all regulatory requirements to ensure the trust and safety of its services.
