Share The Securities and Exchange Commission (SEC), in a statement has announced that it will restrain fintech startup, Chaka Technologies Limited, and its promoters from advertising or offering for sale shares, stock or other securities of companies or other entities. In a statement on Saturday, SEC said its Investments and Securities Tribunal (IST) gave an interim order on Thursday, December 17, 2020. The interim Orders, which apply to all Chaka platforms, were granted pursuant to an application by the Securities and Exchange Commission. In the application, the Commission – through its solicitor, Dr Chuka Agbu, SAN – informed the Tribunal that the Defendants were engaged in investment activities, including providing a platform for the purchase of shares in foreign companies such as Google, Amazon and Alibaba.