The SEC of Nigeria clarified that Marino FX Ltd is not registered with the agency and does not have a license to operate in the Nigerian market. The firm does not have the right to provide any financial services to citizens, including cryptocurrency exchange. The regulator urged investors not to engage in trading transactions with Marino FX Ltd and not to interact with its representatives in order to protect themselves from the risks of fraud and financial losses.

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Any statements made by Marino FX Ltd regarding registration or obtaining SEC approval are false and misleading. Traders should exercise caution and refrain from cooperating with Marino FX Ltd," the regulator warned.