CIS President urges SEC to jettison move to increase capital base -

mmission, SEC, to jettison the move to increase minimum capital base for capital market operators, stressing that the current operating environment would not support such a move.

Meanwhile, 11th President, Amolegbe was yesterday sworn-in, by a renowned jurist, Justice Adesuyi Olateru-Olagbegi, the Assessor of the Institute’s Disciplinary Tribunal. The historic investiture, which marked Amolegbe’s assumption office with presidential insignia, and send-off for the immediate past president, Mr Adedapo Adekoje, was immediately applauded by the Governors of Kwara State, AbdulRaham AbdulRazak and his Kaduna State counterpart, Mallam Nasir El-Rufai, both pledged support for stockbrokers institute.

He stated: “The regulators should not increase the minimum capital base of market operators as the current operating environment would not support such a move. “I will work in harmony with our distinguished Council Members to ensure that we take CIS to the next level in all aspects. These include the areas of conducting examinations, policy advocacy, membership relationships, and, trainings and professional development. However, I pledge firmly that we will carry all our critical stakeholders along in everything we do,” Amolegbe said.All rights reserved.

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