SEC vows to intensify monitoring, surveillance of operators — Nigeria — The Guardian Nigeria News – Nigeria and World News

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The Securities and Exchange Commission (SEC) has pledged to intensify monitoring and surveillance of the capital market in order to curb unethical conduct.

The Director-General, SEC, Mr Lamido Yuguda said this in a statement issued after the Annual Stockbrokers Conference of the Chartered Institute of Stockbrokers held on Oct 28 and 29 in Lagos.

Yuguda also disclosed that stiffer sanctions would be met on operators who engage in unethical conduct.

He noted that capital market operators were the face of the market as they interact daily with investors.

Yuguda said it was necessary that they prioritise the interest of investors over their own, demonstrate integrity and transparency in conducting their activities.

According to him, poor conduct dissuades investors from our market and counters the collective objective of broadening and deepening the market.

“We also expect that the institute will continue to make it mandatory for its members to undertake annual professional…



Source: Guardian Newspaper

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