SEC Warns Capital Market Operators against Unethical Practices - THISDAYLIVE

The Nigerian Securities and Exchange Commission building is pictured in Abuja, Nigeria January 23, 2018. REUTERS/Afolabi SotundeThe Securities and Exchange Commission has warned newly qualified authorised dealing clerks of the Nigerian Stock Exchange that the commission has zero tolerance for unethical practices in the capital market, noting that steps were being taken to ensure more effective regulatory oversight as well as advance investor protection and mitigate systemic risks.

Speaking at their induction ceremony in Lagos, the acting SEC Director General, Ms. Mary Uduk, also enjoined them to maintain the integrity of their profession and imbibe the culture of compliance to rules and regulations, as well as transparency, as they carry on their activities in the market. She added that they have, by their exemplary performance during their Automated Trading System training at the NSE, secured their place in the stock broking profession.

“You must also be determined to bring positive changes into the market as you launch your careers and challenge the status quo in the areas of capacity building and innovativeness, while bringing fresh and innovative ideas into product development, as well as efficiency in service delivery to the investors.

Source: News Formal (newsformal.com)

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