From Chukwuma Umeorah
PWAN/PWAN MAX has distanced itself from media reports claiming it denied allegations of operating a Ponzi scheme, as purportedly stated by the Securities and Exchange Commission (SEC).
In a statement, Managing Director Leslie Ejiro described the reports, headlined “PWAN Denies SEC Ponzi Claims,” as inaccurate and misleading.
“The Management of PWAN/PWAN MAX hereby uses this medium to vehemently disclaim all and any such public statements or publications made alluding to a conflict with the Securities and Exchange Commission,” Ejiro said, clarifying that no such statement was authorised by the company or its affiliates.
PWAN MAX emphasised its commitment to regulatory compliance, transparency, and ethical conduct, denying any antagonistic stance toward the SEC. “This has and will NEVER be condoned by PWAN/PWAN MAX that such statement or perceived statement will be made or emanate from the establishment either through its staff, alias or affiliate, respectively,” the statement added.
The company confirmed it is engaging constructively with the SEC through legal and regulatory channels to address concerns. “As a responsible, law-abiding, and ethically driven organisation, we wish to assure our esteemed clients, partners, and stakeholders that we are currently engaging constructively and comprehensively with the Securities and Exchange Commission through appropriate legal and regulatory channels to address the matters raised,” Ejiro noted.
PWAN MAX pledged ongoing transparency, promising timely updates to stakeholders while expressing gratitude for their continued support.
Leave a comment