The Securities and Exchange Commission has expressed concerns about the prevalence of illegal fund managers’ activities as well as the proliferation of unlawful investment outfits.
“This is an area that we are doing a lot and still have much to do. If you look at the capital market master plan, you will see that a lot of the things we want to do revolve around investor education. In investor education, what we tell investors is how to know who is genuine and it is very simple. He said, “we have been going around closing Ponzi schemes and all those illegal fund managers and you know we have been on different stations. I have been on several TV stations, radio, and in newspapers talking about this. We are about to launch a few billboards around the country.